https://www.taxtmi.com/caselaws?id=347132 Section 80-IA(4) permits an infrastructure-facility deduction where the prescribed conditions, including an agreement with the relevant statutory body for operating and maintaining the facility, are met. Agreements with the Airports Authority of India can meet this requirement because the Authority is statutorily responsible for airport management, air traffic services and allied functions. Arrangements for installation, calibration, maintenance and operational assistance may constitute operating and maintaining an airport even before it becomes fully operational. Such agreements therefore support eligibility for the infrastructure-facility deduction. 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 Section 80-IA(4) permits an infrastructure-facility deduction where the prescribed conditions, including an agreement with the relevant statutory body for operating and maintaining the facility, are met. Agreements with the Airports Authority of India can meet this requirement because the Authority is statutorily responsible for airport management, air traffic services and allied functions. Arrangements for installation, calibration, maintenance and operational assistance may constitute operating and maintaining an airport even before it becomes fully operational. Such agreements therefore support eligibility for the infrastructure-facility deduction. Case-Laws Income Tax Mon, 07 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347132