https://www.taxtmi.com/caselaws?id=360610 Section 80IA(4) was treated as satisfied where an infrastructure project agreement was executed through a wholly State Government-owned nodal corporation acting on behalf of the Government. The Gujarat High Court's reasoning turned on the statutory scheme: the corporation functioned as the State's implementing agency, and approvals for the project, land allotment, concession, and toll permissions all arose from the State Government framework. Reading the Income-tax Act together with the Gujarat Infrastructure Development Act, 1999, the agreement was regarded in substance as one with the State Government, and a rigid literal reading was rejected because it would defeat the object of the deduction provision. The deduction was therefore held allowable. en-us Wed, 02 May 2018 00:00:00 +0530 Mon, 18 Mar 2019 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360610 Section 80IA(4) was treated as satisfied where an infrastructure project agreement was executed through a wholly State Government-owned nodal corporation acting on behalf of the Government. The Gujarat High Court's reasoning turned on the statutory scheme: the corporation functioned as the State's implementing agency, and approvals for the project, land allotment, concession, and toll permissions all arose from the State Government framework. Reading the Income-tax Act together with the Gujarat Infrastructure Development Act, 1999, the agreement was regarded in substance as one with the State Government, and a rigid literal reading was rejected because it would defeat the object of the deduction provision. The deduction was therefore held allowable. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360610