CIT v. Tidel Park Ltd. (No. 1) (2021) 430 ITR 214 (Mad.)(HC)

S. 80IA : Industrial undertakings- Infrastructure development-Development and leasing of premises in software park-Assessable as business income- Entitle to deduction. [S. 28(i), 80IA(4)]

Dismissing the appeal of the revenue the Court held that the income derived from letting out of property to tenants for the purpose of running a technological park was income from business and not income from house property and the assessee was entitled to deduction under section 80-IA(4) on rental income and lease rent income of the industrial park.( AY.2008-09)