https://www.taxtmi.com/caselaws?id=772269 ITAT Hyderabad held that assessee was not eligible for deduction under section 80IA as it failed to establish engagement in "maintenance and operating infrastructure" business. The assessee received only contractual amounts without direct agreements with Central/State/Statutory bodies, failing to satisfy specific conditions under section 80IA. Due to absence of relevant agreements between assessee and Port Authority, the Tribunal could not conclusively determine if infrastructure facility was transferred for operating and maintaining purposes. Matter remanded to AO for fresh adjudication after examining agreement terms and conditions, with reasonable hearing opportunity for assessee. en-us Tue, 11 Mar 2025 00:00:00 +0530 Thu, 05 Jun 2025 13:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772269 ITAT Hyderabad held that assessee was not eligible for deduction under section 80IA as it failed to establish engagement in "maintenance and operating infrastructure" business. The assessee received only contractual amounts without direct agreements with Central/State/Statutory bodies, failing to satisfy specific conditions under section 80IA. Due to absence of relevant agreements between assessee and Port Authority, the Tribunal could not conclusively determine if infrastructure facility was transferred for operating and maintaining purposes. Matter remanded to AO for fresh adjudication after examining agreement terms and conditions, with reasonable hearing opportunity for assessee. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772269