C.I.T., Central-Iii, N.Delhi vs Hcl Technologies Ltd.

The Supreme Court addressed the interpretation of Section 80-IA of the Income Tax Act, 1961, clarifying that the deduction under this section is available to an enterprise engaged in the business of developing, operating, and maintaining an infrastructure facility. The Court held that the term 'infrastructure facility' includes a wide range of projects, and the eligibility for deduction should be determined based on the nature of the business activity rather than the form of the entity. The appeals were allowed, and the decisions of the lower authorities were set aside, affirming the entitlement of HCL Technologies Ltd. to the claimed deductions.