https://www.taxtmi.com/caselaws?id=406036 The ITAT directed the assessing officer to delete the disallowance of deduction under section 80IA of the Income Tax Act, citing a recent Supreme Court decision that clarified the eligibility of Inland Container Depots (ICDs) for the deduction. The ITAT also allowed the appellant's appeal for statistical purposes regarding the disallowance of amortization of advance lease rent, based on a previous Tribunal decision. Additionally, the ITAT upheld the CIT(A)'s decision in favor of the appellant regarding the eligibility of deduction under section 80IA for the Rail System (Rolling stock), dismissing the Revenue's appeal and partially allowing the assessee's appeal for statistical purposes. en-us Wed, 10 Mar 2021 00:00:00 +0530 Mon, 05 Apr 2021 09:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406036 The ITAT directed the assessing officer to delete the disallowance of deduction under section 80IA of the Income Tax Act, citing a recent Supreme Court decision that clarified the eligibility of Inland Container Depots (ICDs) for the deduction. The ITAT also allowed the appellant's appeal for statistical purposes regarding the disallowance of amortization of advance lease rent, based on a previous Tribunal decision. Additionally, the ITAT upheld the CIT(A)'s decision in favor of the appellant regarding the eligibility of deduction under section 80IA for the Rail System (Rolling stock), dismissing the Revenue's appeal and partially allowing the assessee's appeal for statistical purposes. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406036