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