Section 14A Restricted, 80IA Deduction Allowed, Intangible assets Depreciation Sustained

Mundra International Container Terminal Private Limited Vs DCIT (ITAT Ahmedabad) Revenue Fails on ₹383 Cr 80IA Disallowance – Assessee’s DDT Claim Also Rejected; Section 14A Restricted, 80IA Deduction Allowed, Intangible assets Depreciation Sustained – Tribunal Follows Past Precedents These were cross appeals for AY 2017-18 (by both assessee & Revenue) & Revenue’s appeal for AY 2018-19. Section 14A disallowance: AO disallowed ₹1.12 crore applying Rule 8D on investments of over ₹123 crore in shares & mutual funds. CIT(A) restricted disallowance to ₹24 lakh, consideri...