https://www.taxtmi.com/caselaws?id=786974 An approved co-developer under the Special Economic Zones regime is eligible for the developer deduction for profits from operation and maintenance of SEZ units where statutory approval and long term operational control exist. The proviso limiting deduction to a transferee on transfer of operation and maintenance is directed to continuity of the incentive period and transfer of operational responsibility, not to completion of the entire SEZ or absolute divestment by the original developer. Phased development and regulatory approval of co developers permit entitlement; procedural/formal documentary objections do not defeat substantive eligibility provided departmental verification prevents duplicate claims. Deduction allowed subject to arithmetic verification of quantum and period. en-us Tue, 10 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 08:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786974 An approved co-developer under the Special Economic Zones regime is eligible for the developer deduction for profits from operation and maintenance of SEZ units where statutory approval and long term operational control exist. The proviso limiting deduction to a transferee on transfer of operation and maintenance is directed to continuity of the incentive period and transfer of operational responsibility, not to completion of the entire SEZ or absolute divestment by the original developer. Phased development and regulatory approval of co developers permit entitlement; procedural/formal documentary objections do not defeat substantive eligibility provided departmental verification prevents duplicate claims. Deduction allowed subject to arithmetic verification of quantum and period. Case-Laws Income Tax Tue, 10 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786974