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In an attempt to simplify the direct tax provisions, the Governmentreleased the Direct Taxes Code Bill, 2009 (DTC Bill 2009) in August2009 for public comments. The provisions of the DTC Bill 2009,especially the one relating to MAT on gross assets, would have been abig dampener for the industries that are capital intensive. Severalrepresentations were made by various stakeholders as well as Industryforums on the proposals made in the DTC to remove the inconsistencyas well as unintended hardship. The Government appreciated thesentiments and made a historical move of issuing a Revised discussionpaper in June 2010.As a logical step post the Discussion Paper, the Government has nowpresented the Direct Taxes Code Bill, 2010 (‘DTC’) before theParliament. The provisions of DTC are intended to come into effectfrom April 1, 2012 onwards. An analysis of the proposals in the DTCthat are likely to impact the various infrastructure sector are set out inthis document.