In order to avail of a deduction in terms of section\u00a080-IA(4)\u00a0of the Act, the assessee could either (i) develop, or (ii) operate and maintain, or (iii) develop, operate and maintain the facility. The requirements of developing, maintaining and operating an infrastructure facility are not cumulative, even prior to the amendment to section\u00a080-IA\u00a0of the Act by the\u00a0Finance Act, 2001. Thus, the assessee is entitled to deduction u\/s.\u00a080-IA(4)\u00a0of the Act in respect of development of infrastructural facility alone, irrespective of whether it operates and maintains such facility.<\/p>\n
The fact that the assessee was a \u201cdeveloper\u201d of infrastructural projects and eligible for deduction u\/s.\u00a080-IA(4)\u00a0of the Act in respect of infrastructural facilities developed by it, having been decided in the assessee\u2019s favour in the past, the Department was not entitled to take inconsistent stand in respect of each assessment year on the same set of facts. Moreover, no appeal had been preferred by the Department against the allowance of deduction u\/s.\u00a080IA(4)(i)\u00a0of the Act qua AY. 2020-21. (AY. 2014-15, 2017-18, 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 80IA : Industrial undertakings-Enterprises engaged in infrastructure development-Department should take consistent stand in each assessment year.[S.80IA (4)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-42033","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aVX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=42033"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42033\/revisions"}],"predecessor-version":[{"id":42034,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42033\/revisions\/42034"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}