Amendment of section 35AD.

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.... sub-clause (xiv) of clause (c) of sub-section (8), such business,- (A) is owned by a company registered in India or by a consortium of such companies or by an authority or a board or corporation or any other body established or constituted under any Central or State Act; (B) entity referred to in sub-clause (A) has entered into an agreement with the Central Government or a State Government or....

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....er activities being an integral part of the highway project; (iii) a water supply project, water treatment system, irrigation project, sanitation and sewerage system or solid waste management system; (iv) a port, airport, inland waterway, inland port or navigational channel in the sea;'; (II) in clause (c), after sub-clause (xiii), the following sub-clause shall be inserted, namely:- "(xiv) de....

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....expenditure referred to therein. It is proposed to omit the said sub-section (1A). It is further proposed to amend sub-section (2) of the said section 35AD so as to provide the deduction under this section to an assessee engaged in developing, operating and maintaining or developing, operating and maintaining the infrastructure facility. It is also proposed to amend sub-section (8) of the said....