https://www.taxtmi.com/caselaws?id=216407 The Appellate Tribunal allowed the appeals filed by the Revenue, holding that the business, operating as a franchisee of BSNL, was not eligible for deduction under section 80-IA(4)(ii) of the Income-tax Act. The Tribunal found that the assessee did not independently develop telecommunication infrastructure and merely operated under a franchise agreement with BSNL. Therefore, the Tribunal overturned the Commissioner's decision and reinstated the assessing authority's rejection of the deduction claim, emphasizing the importance of engaging in infrastructure development to qualify for tax benefits. en-us Wed, 20 Jul 2011 00:00:00 +0530 Mon, 03 Jun 2013 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216407 The Appellate Tribunal allowed the appeals filed by the Revenue, holding that the business, operating as a franchisee of BSNL, was not eligible for deduction under section 80-IA(4)(ii) of the Income-tax Act. The Tribunal found that the assessee did not independently develop telecommunication infrastructure and merely operated under a franchise agreement with BSNL. Therefore, the Tribunal overturned the Commissioner's decision and reinstated the assessing authority's rejection of the deduction claim, emphasizing the importance of engaging in infrastructure development to qualify for tax benefits. Case-Laws Income Tax Wed, 20 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216407