https://www.taxtmi.com/caselaws?id=385729 The ITAT held that the CFS operated by the assessee qualifies as an 'infrastructure facility' under Section 80IA(4) of the Income Tax Act, and the income derived from the CFS is eligible for deduction under the said section. The appeal by the Revenue was dismissed, affirming the CIT(A)'s order directing the AO to allow the deduction claimed by the assessee. The ITAT emphasized that the activity description under other enactments cannot override specific provisions and judicial interpretations under the Income Tax Act. en-us Fri, 06 Sep 2019 00:00:00 +0530 Thu, 12 Sep 2019 09:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385729 The ITAT held that the CFS operated by the assessee qualifies as an 'infrastructure facility' under Section 80IA(4) of the Income Tax Act, and the income derived from the CFS is eligible for deduction under the said section. The appeal by the Revenue was dismissed, affirming the CIT(A)'s order directing the AO to allow the deduction claimed by the assessee. The ITAT emphasized that the activity description under other enactments cannot override specific provisions and judicial interpretations under the Income Tax Act. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385729