Supreme Court of India
Delhi International Airport Ltd. v. Airport Economic Regulatory Authority of India & Ors.
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What the Court ordered
In view of the aforesaid, all appeals are dismissed, except on the issue relating to corporate tax pertaining to aeronautical services, where for the reasons recorded aforesaid we have ac cepted the contention on behalf of the Airport Operators that the Annual Fee paid by them should not be deducted from expenses pertaining to aeronautical services before calculating the ‘T’ element in the formul a.
Judgment, page 54
From the headnote
Airports Economic Regulatory Authority of India Act, 2008 – ss.2(a) and 13(1)(a) – Privatisation of airports – ontractual and Regulatory Framework – Tariff and other charges for aeronauti cal services rendered at airports – Determination of – Revenue s haring formula – Judicial Review qua decision of a regulatory body – Scope – Joint Venture agreement between GMR Consortium and Ai rports Authority of India (AAI) for Delhi International Ai rport Limited (DIAL), and on similar pattern between GVK Consortium and AAI for Mumbai International Airport Limited (MIAL) – AAI holdi ng 26 per cent
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