Eligibility of deduction u/s 801A for the unexpired period - reg.

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....red to as 'Act') deals with deduction in respect of profits & gains derived by an undertaking or enterprise engaged in developing, operating and maintaining any infrastructure facility, industrial park etc. The undertakings or enterprises eligible for availing deduction under this section have been specified under sub-section (4) of the said section and can broadly be classified as under:-....

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....include conditions prescribed under sub-section (3) of section 80-IA according to which the undertaking at (ii) and (iv) above should not, inter-alia, be formed by splitting up or reconstruction of an existing business. 3. The proviso to clause (1) and clause (iii) of sub-section (4) of section 801A deal with the situation where operation & maintenance of infrastructure facility or operation & ma....

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....accordance with the proviso to clause (i) or clause (iii) of sub-section (4) of section 80-1A, or (c) transfer of an enterprise or undertaking is in a scheme of amalgamation or demerger. It is however clarified that if an enterprise or undertaking develops an infrastructure facility, industrial park or special economic zone, as the also may be, and transfers it to another enterprise or undertaking....