Case Law Details
DCIT Vs Continental Warehousing Corporation (Nhava Sheva) Ltd (ITAT Pune)
The only issue is to be decided is as to whether the CIT(A) justified in allowing deduction u/s. 80IA(4) of the Act in respect of Container Freight Station (CFS).
At the outset, we note that this issue is covered in favour of the assessee by the decision of Hon’ble Supreme Court in batch of appeals. Similar issue basing on same identical facts came up before this Tribunal in assessee’s own case for A.Y. 2013-14 and by placing reliance on the decision of Hon’ble Supreme Court, the Tribunal decided the issue in favour of the assessee by holding that the assessee is entitled to claim deduction u/s. 80IA(4) of the Act in respect of Container Freight Station.
In the light of above, we hold that the assessee is entitled to claim deduction u/s. 80IA(4) of the Act in respect of Container Freight Station.
FULL TEXT OF THE ORDER OF ITAT PUNE
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