SEZ developer eligible for deduction U/s. 80-IAB on income earned from SEZ operation & maintenance

ACIT Vs. Zydus Intrastructure Pvt. Ltd. (ITAT Ahmedabad)

From going through the proviso (2) of section 80IAB of the Act, which says that if the work of operation and maintenance of SEZ is transferred from one developer to another then the deduction allowable in sub-section (1) of section 80IAB will be allowed to transferee developer for the remaining period of the remaining of consecutive 10 years. This proviso gives a very clear picture that when the transferee is eligible for deduction under section 80IAB fo

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