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Section 14A Restricted, 80IA Deduction Allowed, Intangible assets Depreciation Sustained
Case Law Details
- Case Name
- Mundra International Container Terminal Private Limited Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Ahmedabad
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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 ₹2...
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