An assessee does not have to develop entire port to qualify for deduction u/s 80-IA of the Income Tax Act, 1961

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...