https://www.taxtmi.com/caselaws?id=291163 The Tribunal upheld the decision of the lower authority, confirming the eligibility of the Container Freight Station for exemption under Section 80-IA of the Income-tax Act for assessment years 2010-11 and 2011-12. The Tribunal ruled that an agreement with the Government of India or its agency was necessary to claim the deduction under Section 80-IA, rejecting the Departmental Representative's argument that a certificate from the port authority sufficed. The Tribunal cited a Madras High Court judgment allowing a similar deduction based on State Government and Commissioner of Customs approval. The appeals by the Revenue were dismissed. en-us Fri, 23 Sep 2016 00:00:00 +0530 Fri, 30 Oct 2020 10:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291163 The Tribunal upheld the decision of the lower authority, confirming the eligibility of the Container Freight Station for exemption under Section 80-IA of the Income-tax Act for assessment years 2010-11 and 2011-12. The Tribunal ruled that an agreement with the Government of India or its agency was necessary to claim the deduction under Section 80-IA, rejecting the Departmental Representative's argument that a certificate from the port authority sufficed. The Tribunal cited a Madras High Court judgment allowing a similar deduction based on State Government and Commissioner of Customs approval. The appeals by the Revenue were dismissed. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291163