Bangalore International Airport Ltd. [BIAL] is a statutory body u/s 80IA(4)(i)

Brief of the case: Revenue filed above appeal against the order of CIT (A) who held that BIAL is statutory body as per requirement of section 80IA (4) (i) of the Income-tax Act. Tribunal held that BIAL is not a statutory body as per requirement of the section. Later on it was held in another writ petition that BIAL is a statutory body as per Article 12 of the constitution of India. On the basis of this judgement a miscellaneous petition was filed and the same was recalled to reconsider the sole issue that whether BIAL is a statutory body. After considering the judgment of the Hon’ble HC in w...