https://www.taxtmi.com/caselaws?id=417588 The High Court upheld the Tribunal's decision to allow deduction under Section 80-IA for operating a multipurpose berth, considering it as part of the port based on the exclusive license granted to the assessee. The Court emphasized the importance of factual examination and consistency in granting deductions, dismissing the revenue's appeals and affirming the relief granted to the assessee. Additionally, the Court agreed with the Tribunal that separate profit & loss accounts were maintained for the relevant unit, satisfying the requirements for claiming the deduction. en-us Thu, 20 Jan 2022 00:00:00 +0530 Fri, 29 Apr 2022 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417588 The High Court upheld the Tribunal's decision to allow deduction under Section 80-IA for operating a multipurpose berth, considering it as part of the port based on the exclusive license granted to the assessee. The Court emphasized the importance of factual examination and consistency in granting deductions, dismissing the revenue's appeals and affirming the relief granted to the assessee. Additionally, the Court agreed with the Tribunal that separate profit & loss accounts were maintained for the relevant unit, satisfying the requirements for claiming the deduction. Case-Laws Income Tax Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417588