https://www.taxtmi.com/caselaws?id=403190 The Tribunal dismissed the revenue's appeal, affirming the assessee's eligibility for deduction u/s. 80IA of the Income-tax Act, 1961. It upheld the CIT(Appeals) decision, recognizing the assessee's contractual agreement with Bengaluru International Airport Ltd. as compliant with statutory requirements. The Tribunal emphasized the classification of the airport as a statutory body and maintained consistency with prior favorable judgments for the assessee in similar assessment years. The decision reinforced the legislative intent to grant deductions to entities directly engaged in developing, maintaining, and operating infrastructure facilities, distinguishing the assessee's role from that of a mere contractor. en-us Mon, 18 Jan 2021 00:00:00 +0530 Wed, 30 Oct 2024 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403190 The Tribunal dismissed the revenue's appeal, affirming the assessee's eligibility for deduction u/s. 80IA of the Income-tax Act, 1961. It upheld the CIT(Appeals) decision, recognizing the assessee's contractual agreement with Bengaluru International Airport Ltd. as compliant with statutory requirements. The Tribunal emphasized the classification of the airport as a statutory body and maintained consistency with prior favorable judgments for the assessee in similar assessment years. The decision reinforced the legislative intent to grant deductions to entities directly engaged in developing, maintaining, and operating infrastructure facilities, distinguishing the assessee's role from that of a mere contractor. Case-Laws Income Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403190