https://www.taxtmi.com/caselaws?id=347132 The Court ruled in favor of the appellant, holding that the agreements with the Airports Authority of India qualified as agreements with a statutory body for operating and maintaining an infrastructure facility, satisfying the requirements of clause (b) of Section 80-IA(4) of the Income Tax Act. The Tribunal's decision to set aside the Commissioner of Income Tax (Appeals) decision was deemed incorrect in this regard. However, the Court upheld the Tribunal's decision to remit the matter to the Assessing Officer for further examination of basic particulars under clause (c) of sub-section (4). The appeals were disposed of accordingly. en-us Mon, 07 Aug 2017 00:00:00 +0530 Tue, 26 Nov 2019 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347132 The Court ruled in favor of the appellant, holding that the agreements with the Airports Authority of India qualified as agreements with a statutory body for operating and maintaining an infrastructure facility, satisfying the requirements of clause (b) of Section 80-IA(4) of the Income Tax Act. The Tribunal's decision to set aside the Commissioner of Income Tax (Appeals) decision was deemed incorrect in this regard. However, the Court upheld the Tribunal's decision to remit the matter to the Assessing Officer for further examination of basic particulars under clause (c) of sub-section (4). The appeals were disposed of accordingly. Case-Laws Income Tax Mon, 07 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347132