https://www.taxtmi.com/caselaws?id=279853 The tribunal dismissed the Revenue's appeal regarding deduction under section 80IA(4) of the Income Tax Act, upholding the allowance of the claim for the assessee engaged in providing "Container Freight Station" services. The tribunal cited previous ITAT decisions and High Court rulings in favor of the assessee, affirming eligibility for the deduction as an infrastructure facility. Additionally, the tribunal partly allowed the assessee's cross objection on disallowance under section 14A, directing exclusion of investments not yielding exempt income in the calculation and clarifying that disallowance under section 14A cannot be made in computing deduction under section 115JB. en-us Wed, 27 Jun 2018 00:00:00 +0530 Tue, 09 Apr 2019 05:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279853 The tribunal dismissed the Revenue's appeal regarding deduction under section 80IA(4) of the Income Tax Act, upholding the allowance of the claim for the assessee engaged in providing "Container Freight Station" services. The tribunal cited previous ITAT decisions and High Court rulings in favor of the assessee, affirming eligibility for the deduction as an infrastructure facility. Additionally, the tribunal partly allowed the assessee's cross objection on disallowance under section 14A, directing exclusion of investments not yielding exempt income in the calculation and clarifying that disallowance under section 14A cannot be made in computing deduction under section 115JB. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279853