Deduction u/s. 80IA(iv) allowable for development of Mechanised Port Handling System: Calcutta HC

PCIT Vs Bothra Shipping Services Private Limited (Calcutta High Court) Calcutta High Court allowed deduction under section 80IA(iv) of the Income Tax Act for development of Mechanised Port Handling System. Thus, deduction u/s. 80IA(iv) available in case of infrastructural development of port. Facts- The Government of Andhra Pradesh (AP) entered into an agreement with Kakinada Sea Port Limited (KSPL) vide concession agreement dated 19.03.1999 for operation of existing berth, develop and operate one more berth and operation, maintenance and management of common facilities of the entire port thro...