India - Income Tax Act 2010 - Saarc

S. 80-IA I.T. ACT, 1961 1.460(b) a highway project including housing or other activities being anintegral part of the highway project;(c) a water supply project, water treatment system, irrigation project,sanitation and sewerage system or solid waste managementsystem;(d) a port 4 , airport, inland waterway 5 [, inland port or navigationalchannel in the sea];]6[(ii) any undertaking which has started or starts providing telecommunicationservices, whether basic or cellular, including radio paging,domestic satellite service, network of trunking, broadband networkand internet services on or after the 1st day of April, 1995, but on orbefore the 31st day of March, 7 [2005].]Explanation.—For the purposes of this clause, “domestic satellite”means a satellite owned and operated by an Indian company forproviding telecommunication service;(iii) any undertaking which develops, develops and operates or maintainsand operates an industrial park 8 [or special economic zone] notified 9by the Central Government in accordance with the scheme framed 9and notified 10 by that Government for the period beginning on the 1stday of April, 1997 and ending on the 31st day of March, 11 [2006] :12[Provided that in a case where an undertaking develops an industrialpark on or after the 1st day of April, 1999 or a special economic zoneon or after the 1st day of April, 2001 and transfers the operation andmaintenance of such industrial park or such special economic zone,as the case may be, to another undertaking (hereafter in this section4. For definition of “port”, see Circular No. 793, dated 23-6-2000. For details, see Taxmann’sMaster Guide to Income-tax Act.5. Substituted for “or inland port” by the Finance Act, 2007, w.e.f. 1-4-2008.6. Substituted by the Finance Act, 2001, w.e.f. 1-4-2001. Prior to its substitution, clause (ii)read as under :‘(ii) any undertaking which has started or starts providing telecommunication serviceswhether basic or cellular, including radio-paging, domestic satellite service ornetwork of trunking and electronic data interchange services at any time on or afterthe 1st day of April, 1995, but before the 31st day of March, 2000.’7. Substituted for “2004” by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005. Earlier “2004” wassubstituted for “2003” by the Finance Act, 2003, w.e.f. 1-4-2004.8. Inserted by the Finance Act, 2001, w.e.f. 1-4-2002.9. For notified Industrial Park Scheme, 2008, and notified Scheme for Special EconomicZones, see Taxmann’s Income-tax Rules. For notified undertakings, etc., see Taxmann’sDirect Taxes Circulars and Taxmann’s Yearly Tax Digest & Referencer.10. See rule 18C.11. Substituted for “2002” by the Finance Act, 2001, w.e.f. 1-4-2001.12. Substituted by the Finance Act, 2003, w.r.e.f. 1-4-2002. Prior to its substitution, the provisoread as under :“Provided that in a case where an undertaking develops an industrial park on or after the1st day of April, 1999 and transfers the operation and maintenance of such industrial parkto another undertaking (hereafter in this section referred to as the transferee undertaking)the deduction under sub-section (1), shall be allowed to such transferee undertaking forthe remaining period in the ten consecutive assessment years in a manner as if theoperation and maintenance were not so transferred to the transferee undertaking;”