engaged
in providing long-term finance for industrial or
agricultural development or development of
infrastructure facility in India or by a public company ... providing
long-term finance for -
(a) industrial or agricultural development;
(b) development of infrastructure facility in India; or
(C) development of housing in India
case of Assessee being an industrial undertaking or
enterprise engaged in infrastructure development, etc. and deduction
in respect of profits and gains from certain industrial ... undertakings
other than infrastructure development undertakings, also.
3. The crux of the matter and the substantial question of law
raised in the present appeals filed
respondent, S IPC OT by
letter dated 19.05.2011, the lack of infrastructure development and lack of
utilities. The petitioner requested the third respondent to grant ... development charges. The third respondent was under an obligation to
provide infrastructural development like formation of road and supply of water.
There was also
Special Tahsildar (Land Administration)
Unit IV
Tamilnadu Corporation for
Industrial Infrastructure Development,
Perundurai Taluk,
Erode District.
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2
6. State Industries ... establishing a growth centre by the Tamil Nadu
Corporation for Industrial Infrastructure Development
Limited. It is stated that a large chunk of land has been
Anna Malaikai, Madurai-2.
3.The Executive Director,
Tamil Nadu Road Infrastructure Development Corporation,
No.735, LLA Building, 4th Floor, Anna Salai,
Chennai ... third respondent, namely the Executive Director of
Tamil Nadu Road Infrastructure Development Corporation. But, no
2/5
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profits and gains
from industrial undertakings or enterprises engaged in
infrastructure development, etc.
(1) Where the gross total income of an assessee
includes any profits ... concerned authority and undertakes the work of the said
development of infrastructure facility or only operating or maintaining
the same. The Proviso to sub-section
SHIMNIT UTSCH INDIA (P) LTD. AND ANOTHER Vs. WEST
BENGAL TRANSPORT INFRASTRUCTURE DEVELOPMENT
CORPORATION LTD., AND OTHERS reported in (2010) 6 SCC 303,
wherein
above
relevant information and found that the cost of inflation
for infrastructure development on property per year is 6%
and the Consumer Cost Inflation Index ... other staff, the investment made by them,
the infrastructure provided and plan for future
development of the institution as also expansion of the
educational institution
Development case is distinguishable on facts. Diamond & Gem
Development case is one where certain lands were allotted by 'Rajasthan
State Industrial Development ... judis.nic.in
W.P.No.9222 of 2019, etc.,
Infrastructure Development Committee of the Board. The
respondent Company ought to have resorted
business of land development for industrial,
commercial and residential use. It acquired land and
incurs expenditure on its development and related
infrastructure facilities for lease ... company expects to incur further
costs on land and infrastructure development. Thus,
the assessee capitalized the interest expenditure
incurred on the loan raised and utilized
