ITAT Allows Section 80IA(4)(i) Deduction On Developing, Operating And Maintaining Infrastructure Facilities

The Income Tax Appellate Tribunal (ITAT) ruled that a taxpayer was entitled to a deduction under Section 80IA(4)(i) of the Income Tax Act for developing and operating infrastructure facilities. The case involved the interpretation of provisions related to tax benefits for infrastructure projects. The ITAT's decision underscores the importance of such incentives in promoting the development of public infrastructure, which is critical for economic growth.