2019 (10) TMI 1312 - 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 challenging an order related to the Income Tax Act for Assessment Year 2011-12. The court upheld that the assessee is entitled to deduction under section 80IA, as per precedent cases, and rejected the question of law proposed by the Revenue.