person, who develops the
infrastructure facility project, realize its cost? If the infrastructure facility, just after its
development, is transferred to the Government, naturally ... assessee develops the
infrastructure facility if it operates the infrastructure facility and if it maintains the
infrastructure facility or to put it in simpler terms
undertakings or enterprises engaged in infrastructure
development. The assessee claimed deduction as it is engaged in
development of infrastructure and as it satisfied ... airport, inland waterway or inland port;
17. Hence, development of a road is development of infrastructure
facility. Similarly, the water supply project or irrigation project
Deputy CIT vs. M/s. Aditya Housing &
Circle-1(1) Infrastructural Development
Hyderabad Corporation Pvt. Ltd.
Hyderabad;
PAN: AAFCA9790B
Appellant Respondent
Appellant ... 2013
M/s. Aditya Housing & Infrastructure
Development Corporation Pvt. Ltd.
===========================
assessment was completed on a total income
statute by the legislature was to achieve rapid growth in the
infrastructure development of the country by drawing additional
resources both financial and technical with ... scope of work detailed in the agreement involves
significant infrastructure development, including the design,
engineering, and construction of various critical components of the
water supply
involved in the project
undertaken by the assessee for construction and development of
infrastructure projects. As per the contract all the risk and
responsibilities were ... purpose of providing deduction qua industrial undertaking or enterprise
engaged in infrastructure development, etc.
12. There is yet another equally important aspect which requires
were provided to the Indian concerns participating in such
development in the development of infrastructure facility.
"In order to encourage entrepreneurs within the country ... port, airport, inland waterway or inland port;
iii ) Development of a road is development of infrastructure facility.
Similarly, the water supply project or irrigation project
section,
it is clears that the enterprises carrying on
development of infrastructure development should be
owned by the company and not that the
infrastructure facility ... Government body may be a mere
works contract or for development of infrastructure. It
is to be seen from the agreements entered into
person, who develops the
infrastructure facility project, realize its cost? If the
infrastructure facility, just after its development, is
transferred to the Government, naturally ... 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
profit and gains is from industrial undertaking
engaged in infrastructure development. The same was denied by
the lower authorities on the reason that the assessee ... person, who develops the
infrastructure facility project, realize its cost? If the
infrastructure facility, just after its development, is
transferred to the Government, naturally
Government or local authority or any other statutory body
for the development of infrastructure project, the assessee does
not satisfy the basic conditions required ... profits and gains from
industrial undertaking or enterprise engaged in infrastructure
development etc. Sub-section (4) of Section 80IA of the Act, deals
with deduction
