Dismissing the appeal of the revenue the Court held that Lease rent income received from letting out modules of software technology park to various lessees would constitute income from business and eligible for deduction. (AY. 2007-08 to 2009-10)
CIT v. Rishabh Infopark (P) Ltd. (2021) 282 Taxman 143 (Mad.)(HC)
S. 80IA : Industrial undertakings-Infrastructure development-software technology park-Lease rentals-Assessable as business income-Eligible for deduction. [S. 28(i)]