Taxpayer is Eligible for Deduction u/s 80IA (4) for Operating and Maintaining Infrastructure Facility: ITAT

The ITAT has ruled that a taxpayer is eligible for deductions under Section 80IA(4) of the Income Tax Act, which provides tax benefits for operating and maintaining infrastructure facilities. This section is intended to encourage investment in infrastructure projects by offering tax relief. The tribunal’s decision reinforces that taxpayers who meet the criteria for operating and maintaining infrastructure facilities are entitled to such deductions, thereby supporting continued investment in critical infrastructure development.