https://www.taxtmi.com/caselaws?id=393216 The Supreme Court upheld the decision that the assessee-Company was eligible for a deduction under Section 80IA of the Income Tax Act. The conversion of the partnership firm into a company did not impact the eligibility for the deduction as the company succeeded the firm, inheriting its rights and liabilities. The Court confirmed that the company fulfilled the conditions of carrying on the business of developing, maintaining, and operating an infrastructure facility. The judgments of the lower authorities were affirmed, and the appeal by the Department was dismissed. en-us Thu, 05 Mar 2020 00:00:00 +0530 Sat, 10 Dec 2022 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393216 The Supreme Court upheld the decision that the assessee-Company was eligible for a deduction under Section 80IA of the Income Tax Act. The conversion of the partnership firm into a company did not impact the eligibility for the deduction as the company succeeded the firm, inheriting its rights and liabilities. The Court confirmed that the company fulfilled the conditions of carrying on the business of developing, maintaining, and operating an infrastructure facility. The judgments of the lower authorities were affirmed, and the appeal by the Department was dismissed. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393216