https://www.taxtmi.com/caselaws?id=461825 ITAT Bangalore held that airport operator's "other income" including tender fees and interest on mandatory deposits under Trust and Retention Account agreements are eligible for Section 80IA deduction if having direct nexus with airport business operations. Revenue share from retail outlets and restaurants qualified for deduction as integral to airport development and maintenance activities, despite classification as non-aeronautical income under AERA Act. Concession fees paid to Government for foregoing HAL airport operations were not disallowable under Section 43B as they constituted profit-sharing arrangements rather than tax/duty/cess/fee payments. Matter remanded to AO for factual verification of other income's business nexus. en-us Tue, 14 Jun 2022 00:00:00 +0530 Thu, 01 May 2025 19:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461825 ITAT Bangalore held that airport operator's "other income" including tender fees and interest on mandatory deposits under Trust and Retention Account agreements are eligible for Section 80IA deduction if having direct nexus with airport business operations. Revenue share from retail outlets and restaurants qualified for deduction as integral to airport development and maintenance activities, despite classification as non-aeronautical income under AERA Act. Concession fees paid to Government for foregoing HAL airport operations were not disallowable under Section 43B as they constituted profit-sharing arrangements rather than tax/duty/cess/fee payments. Matter remanded to AO for factual verification of other income's business nexus. Case-Laws Income Tax Tue, 14 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461825