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An assessee does not have to develop entire port to qualify for deduction u/s 80-IA of the Income Tax Act, 1961
Case Law Details
- Case Name
- CIT Vs ABG Heavy Industries Ltd. (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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CASE LAWS DETAILS
DECIDED BY: HIGH COURT OF BOMBAY,
IN THE CASE OF : CIT Vs ABG Heavy Industries Ltd., APPEAL NO: ITA No. 1687, 2121, 2291, 2663 of 2009 and 416 of 2010, DECIDED ON: February 15, 2010
RELEVANT PARAGRAPH
11. The object of Section 80IA was to provide an impetus to the growth of infrastructure in the nation. A sound infrastructure is a sine qua non for economic development. Absence of infrastructure poses significant barriers to growth and development. A model which relied exclusively on the provision of basic infrastructure by the State was found to be deficient. Section 80IA wa...
