https://www.taxtmi.com/caselaws?id=412261 The High Court affirmed that BIAL qualifies as a statutory body under Section 40IA(4) of the Income Tax Act, based on earlier judgments. It held that the cargo handling contract with BIAL meets the requirements of Section 80IA(4) as integral to airport infrastructure. The court concluded that the assessee is eligible for deduction under Section 80IA(4)(ib), as the agreement with BIAL aligns with infrastructure development criteria. The appeal was decided in favor of the assessee, confirming their eligibility for the deductions, with the court upholding the Tribunal's decisions. en-us Mon, 09 Aug 2021 00:00:00 +0530 Tue, 14 Sep 2021 08:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412261 The High Court affirmed that BIAL qualifies as a statutory body under Section 40IA(4) of the Income Tax Act, based on earlier judgments. It held that the cargo handling contract with BIAL meets the requirements of Section 80IA(4) as integral to airport infrastructure. The court concluded that the assessee is eligible for deduction under Section 80IA(4)(ib), as the agreement with BIAL aligns with infrastructure development criteria. The appeal was decided in favor of the assessee, confirming their eligibility for the deductions, with the court upholding the Tribunal's decisions. Case-Laws Income Tax Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412261