Rule 6ABAA - Infrastructure facility under clause (d) of the Explanation to clause (viii) of sub-section (1) of section 36 - Income-tax Rules, 1962

Infrastructure facility under clause (d) of the Explanation to clause (viii) of sub-section (1) of section 36. 6ABAA. The conditions to be fulfilled by a public facility to be eligible to be notified as an infrastructure facility in accordance with the provisions of clause (d) of the Explanation to clause (viii) of sub-section (1) of section 36 shall be the following, namely :- (a) it is owned by a company registered in India or by a consortium of such companies or by an authority or a board or a corporation or any other body established or constituted under any Central or State Act; (b) it has entered into an agreement with the Central Government or a State Government or a local authority or any other statutory body for (i) developing or (ii) operating and maintaining or (iii) developing, operating and maintaining a new infrastructure facility similar in nature to an infrastructure facility referred to in the Explanation to clause (i) of sub-section (4) of section 80-IA; (c) it has started or starts operating and maintaining such infrastructure facility on or after the 1st of April, 1995.