Dismissing the appeal of the revenue the Court held that; held, thatoperation of Industrial Park approved by competent Authority is entitle to deduction. Followed R.R. Industries Ltd. v. ITO (2013) 356 ITR 97 (Mad.)(HC)( AY. 2009 -10)
CIT v. R.R. Industries Ltd. (2019) 410 ITR 3 (Mad.)(HC)
S. 80IA : Industrial undertakings–Infrastructure development-
Operation of Industrial Park approved by competent Authority—Entitle to deduction.