Deduction U/s. 80IA(4) eligible on lease rental income from open yard

1. Brief facts of the case are that the assessee-company engaged in maintenance and operation of port services has filed its return of income for the A.Y. 2012-20 13 on 29.09.2012 declaring NIL total income after claiming deduction under section 80IA(4) for Rs.5,25,99,691 under normal provisions and Rs.5,24,55, 136 under the provisions of Section 1 15JB of the I.T. Act, 1961. The case was selected for scrutiny under CASS and accordingly, notices under section 143(2) and 142(1) were issued. In response to the notices, the Authorised Representative of the assessee appeared from time to time and ...