https://www.taxtmi.com/caselaws?id=469237 Section 80IA(4)(iii) eligibility follows the approved industrial park and the transferred undertaking, so a transferee formed after the notified date may still claim the remaining deduction period under section 80IA(12). The deduction is not confined only to operation-and-maintenance income where the whole undertaking is transferred, but interest on fixed deposits is not income derived directly from the undertaking; related interest expenditure must be correspondingly considered. The note also states that, where partnership requirements are satisfied and the partner companies have authorised participation, assessment as a partnership firm is proper and treatment as an association of persons is unwarranted. en-us Fri, 04 Jul 2025 00:00:00 +0530 Wed, 10 Jun 2026 20:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469237 Section 80IA(4)(iii) eligibility follows the approved industrial park and the transferred undertaking, so a transferee formed after the notified date may still claim the remaining deduction period under section 80IA(12). The deduction is not confined only to operation-and-maintenance income where the whole undertaking is transferred, but interest on fixed deposits is not income derived directly from the undertaking; related interest expenditure must be correspondingly considered. The note also states that, where partnership requirements are satisfied and the partner companies have authorised participation, assessment as a partnership firm is proper and treatment as an association of persons is unwarranted. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469237