Enterprise Contracting With Assignee Of Govt Recognised Concessionaire For Developing “Infrastructural Facility” Can Claim Deduction U/S 80IA(4) Of Income Tax Act: Calcutta HC

The Calcutta High Court upheld tax deductions for enterprises engaged in infrastructure development under Section 80-IA of the Income Tax Act. The court's ruling clarified that companies involved in large-scale infrastructure projects are entitled to tax benefits, provided they meet the eligibility conditions specified in the law. This decision reinforces the government's commitment to fostering infrastructure growth through tax incentives and assists companies in navigating tax provisions for infrastructure investments.