Deductions u/s 80IA eligible on FDR Interest, Scrap Sales, EDI Charges & ICD Operations

DCIT Vs JWC Logistics Park P. Ltd. (ITAT Mumbai)

Deduction u/s 80IA available towards FDR interest, scrap sales, EDI charges and profit from operation of ICD

ITAT Mumbai held that deduction u/s 80IA of the Income Tax Act duly available towards FDR interest, scrap sales and EDI charges and on account profit earned from the operation of Inland container Depot (ICD).

Facts- During the course of assessment proceedings the AO found that the assessee company had claimed deduction of Rs. 12,97,713/- a

Please become a Premium member. If you are already a Premium member, login here to access the full content.