Effluent treatment and conveyance system Infrastructure facility u/s 80-IA of the Income-tax Act, 1961

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..... gains derived by an enterprise carrying on the business of (i) developing or (ii) operating and maintaining or (iii) developing, operating and maintaining any infrastructure facility which fulfils all the following conditions:- (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 const .....

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..... t system; and (iv) a port, airport, inland waterway or inland port. 2. The deduction is available for any ten consecutive assessment years out of twenty assessment years beginning from the year in which the enterprise develops and begins to operate any infrastructure facility. However, in the case of an infrastructure facility being, a port, airport, inland waterway or inland port, the deductio .....

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..... e sea through onshore pipeline and before discharging effluent through pipeline, entire load of effluent is to be treated to marine standards. Therefore, it is a part of water treatment system and would accordingly, qualify as an infrastructure facility for the purposes of tax benefit under section 80-IA. However, an enterprise carrying on the business of (i) developing or (ii) operating and maint .....

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