Amendment of Section 80IA

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..... he words and brackets "operation of a ship or developing, maintaining and operating any infrastructure facility (such business being hereinafter referred to as the eligible business)" shall be substituted; (b) in sub-section (2), in clause (iv), after sub-clause (c), the following sub-clause shall be inserted, namely :- "(d) in the case of an industrial undertaking being a small .....

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..... ority or any other statutory body for developing, maintaining and operating a new infrastructure facility subject to the condition that such infrastructure facility shall be transferred to the Central Government, State Government, local authority or such other statutory body, as the case may be, within the period stipulated in the agreement; (iii) the enterprise starts operating and maintaining .....

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..... ent years beginning with the assessment year in which an assessee begins operating and maintaining infrastructure facility."; (f) in sub-section (12) - (i) for clause (c), the following clauses shall be substituted, namely :- '(c) "initial assessment year", - (1) in the case of an industrial undertaking or cold storage plant or ship or hotel, means the assessment year re .....

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