https://www.taxtmi.com/caselaws?id=342086 The Tribunal upheld the eligibility of a Container Freight Station (CFS) for deduction under section 80-IA(4) of the Income Tax Act. It determined that CFS qualifies as an infrastructure facility based on definitions provided in circulars and judicial precedents. The Tribunal emphasized that a formal agreement with the government is not mandatory if the assessee fulfills government conditions. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the allowance of the deduction to the assessee, highlighting compliance with governmental requirements as crucial for eligibility. en-us Wed, 19 Apr 2017 00:00:00 +0530 Wed, 26 Apr 2017 07:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342086 The Tribunal upheld the eligibility of a Container Freight Station (CFS) for deduction under section 80-IA(4) of the Income Tax Act. It determined that CFS qualifies as an infrastructure facility based on definitions provided in circulars and judicial precedents. The Tribunal emphasized that a formal agreement with the government is not mandatory if the assessee fulfills government conditions. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the allowance of the deduction to the assessee, highlighting compliance with governmental requirements as crucial for eligibility. Case-Laws Income Tax Wed, 19 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342086