https://www.taxtmi.com/caselaws?id=766595 Deduction under Section 80IA(4) was unavailable because the concession relied on was granted by a private airport consortium and not through an agreement with the Central Government, a State Government, a local authority, or another statutory body. The statutory preconditions for infrastructure-facility deduction were therefore not satisfied, and the claim could not be sustained. The assessment order was also held to be erroneous and prejudicial to the Revenue because the Assessing Officer allowed the deduction without properly examining those conditions, so revision under Section 263 was justified. en-us Thu, 30 Jan 2025 00:00:00 +0530 Wed, 26 Nov 2025 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766595 Deduction under Section 80IA(4) was unavailable because the concession relied on was granted by a private airport consortium and not through an agreement with the Central Government, a State Government, a local authority, or another statutory body. The statutory preconditions for infrastructure-facility deduction were therefore not satisfied, and the claim could not be sustained. The assessment order was also held to be erroneous and prejudicial to the Revenue because the Assessing Officer allowed the deduction without properly examining those conditions, so revision under Section 263 was justified. Case-Laws Income Tax Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766595