https://www.taxtmi.com/caselaws?id=366406 The Tribunal allowed the assessee's claim for deduction under section 80 IA on ICDs/CFS as inland ports, based on the Supreme Court's decision. Deduction under section 80 IA for the rail system was also allowed following the Delhi High Court's decision. Depreciation on intangible assets (license from Indian Railways) was permitted, and the disallowance of deduction on lease rent paid in advance was set aside for verification. The Tribunal directed the AO to recompute the disallowance of expenditure under section 14A. Depreciation on assets retired from active use and on assets not registered in the name of the assessee was allowed, with the revenue's appeal dismissed. en-us Thu, 23 Aug 2018 00:00:00 +0530 Tue, 04 Sep 2018 08:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366406 The Tribunal allowed the assessee's claim for deduction under section 80 IA on ICDs/CFS as inland ports, based on the Supreme Court's decision. Deduction under section 80 IA for the rail system was also allowed following the Delhi High Court's decision. Depreciation on intangible assets (license from Indian Railways) was permitted, and the disallowance of deduction on lease rent paid in advance was set aside for verification. The Tribunal directed the AO to recompute the disallowance of expenditure under section 14A. Depreciation on assets retired from active use and on assets not registered in the name of the assessee was allowed, with the revenue's appeal dismissed. Case-Laws Income Tax Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366406