https://www.taxtmi.com/caselaws?id=350703 The court held that the petitioner was eligible for tax deduction benefits under Section 80IA(4)(iii) from the financial year 2009-10, relevant to the assessment year 2010-11, as the minimum required units were located in the park by then. The notification dated 26.12.2016 was directed to be rectified by deleting Condition No. 7, which stipulated the commencement date as 05.09.2010. The court emphasized that the purpose of Section 80IA was to incentivize infrastructure development and that the petitioner's compliance with the scheme's requirements entitled them to the claimed deductions from the earlier assessment year. The petition was allowed, and the rule was made absolute accordingly. en-us Fri, 03 Nov 2017 00:00:00 +0530 Fri, 15 Dec 2017 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350703 The court held that the petitioner was eligible for tax deduction benefits under Section 80IA(4)(iii) from the financial year 2009-10, relevant to the assessment year 2010-11, as the minimum required units were located in the park by then. The notification dated 26.12.2016 was directed to be rectified by deleting Condition No. 7, which stipulated the commencement date as 05.09.2010. The court emphasized that the purpose of Section 80IA was to incentivize infrastructure development and that the petitioner's compliance with the scheme's requirements entitled them to the claimed deductions from the earlier assessment year. The petition was allowed, and the rule was made absolute accordingly. Case-Laws Income Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350703