https://www.taxtmi.com/caselaws?id=759437 The HC upheld the Tribunal's decision allowing the assessee's claim for deduction under Section 80IA(4). The assessee developed a Mechanised Coal Handling System at Kakinada deep water port through an agreement with a Special Purpose Company. The court found that the assessee satisfied the prescribed conditions as the infrastructure facility was certified by the port authority as part of the port infrastructure operational from 13.10.2013, customs permission constituted competent authority approval, and the facility would transfer to the Government of Andhra Pradesh upon concession expiry. The deduction was rightfully allowed. en-us Wed, 25 Sep 2024 00:00:00 +0530 Thu, 26 Feb 2026 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759437 The HC upheld the Tribunal's decision allowing the assessee's claim for deduction under Section 80IA(4). The assessee developed a Mechanised Coal Handling System at Kakinada deep water port through an agreement with a Special Purpose Company. The court found that the assessee satisfied the prescribed conditions as the infrastructure facility was certified by the port authority as part of the port infrastructure operational from 13.10.2013, customs permission constituted competent authority approval, and the facility would transfer to the Government of Andhra Pradesh upon concession expiry. The deduction was rightfully allowed. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759437