https://www.taxtmi.com/caselaws?id=221692 The Tribunal confirmed the CIT(A)'s decision, allowing the deduction under Section 80IA for profits derived from Kakinada Port, Jam Nagar Port, and Dahej Port. The Tribunal dismissed the Revenue's appeals, upholding that the assessee's activities qualified for the deduction under Section 80IA. Additionally, the Tribunal rejected the addition of Rs. 33,15,204 under Section 115VT, ruling in favor of the assessee and disallowing the adjustment to the book profit for Tonnage Tax Reserve computation. en-us Wed, 25 Jan 2012 00:00:00 +0530 Wed, 24 Aug 2016 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221692 The Tribunal confirmed the CIT(A)'s decision, allowing the deduction under Section 80IA for profits derived from Kakinada Port, Jam Nagar Port, and Dahej Port. The Tribunal dismissed the Revenue's appeals, upholding that the assessee's activities qualified for the deduction under Section 80IA. Additionally, the Tribunal rejected the addition of Rs. 33,15,204 under Section 115VT, ruling in favor of the assessee and disallowing the adjustment to the book profit for Tonnage Tax Reserve computation. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221692