Rule 24

Notification of infrastructure facility for the purposes of section 32(e)

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The following conditions shall be fulfilled by a public facility to be eligible to be notified as an infrastructure facility under section 32(e):—
(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 Act 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 section 80-IA (4)(i) of the Income Tax Act, 1961 (43 of 1961), as it existed prior to its repeal; and
(c) it has started or starts operating and maintaining such infrastructure facility on or after the 1st April, 1995.

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Source: Income-tax Rules, 2026, notified by the CBDT vide G.S.R. 198(E) dated 20 March 2026. For reference only – please verify with the official Gazette.