2019 (8) TMI 1548 - HC - Income Tax

Entitlement for deduction u/s 80IA - activities undertaken by the assessee do not fall within Clause (d) of the Explanation to section 80IA(4) defining the term Infrastructure facility - HELD THAT - Issue herein stands concluded against the Revenue and in favour of the Respondent-assessee by the decision of this Court in Commissioner of Income-tax-II Thane v. Continental Warehousing Corporation (Nhava Sheva) Ltd. 2015 (5) TMI 656 - BOMBAY HIGH COURT and by Apex Court in the case of Commissioner of Income Tax Delhi-1 v. Container Corporation of India Ltd. 2018 (5) TMI 359 - SUPREME COURT . No substantial question of law.

Summary

The Bombay High Court dismissed an appeal related to the Income Tax Act 1961 for Assessment Year 2010-11. The court upheld that the assessee is entitled to deduction under section 80IA, despite not meeting the specific criteria for infrastructure facility. The appeal was dismissed as the issue had already been decided in favor of the respondent in previous cases.