https://www.taxtmi.com/caselaws?id=259795 The High Court held that the activities of the respondent-assessee, primarily deriving income from advertisements, did not qualify as infrastructure development under Section 80-IA(4) of the Income-tax Act, 1961. The Court found that the construction and maintenance of bus shelters, street lights, and road medians were temporary and primarily for advertising purposes, not constituting permanent infrastructure development. Consequently, the Court denied the deduction under Section 80-IA(4) to the assessee, setting aside the Tribunal's decision and upholding the lower authorities' rulings. en-us Fri, 28 Feb 2014 00:00:00 +0530 Thu, 21 May 2015 16:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259795 The High Court held that the activities of the respondent-assessee, primarily deriving income from advertisements, did not qualify as infrastructure development under Section 80-IA(4) of the Income-tax Act, 1961. The Court found that the construction and maintenance of bus shelters, street lights, and road medians were temporary and primarily for advertising purposes, not constituting permanent infrastructure development. Consequently, the Court denied the deduction under Section 80-IA(4) to the assessee, setting aside the Tribunal's decision and upholding the lower authorities' rulings. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259795