Special Bench Explains Scope Of Section 153A Assessment & s. 80IA Deduction

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From: editor@itatonline.org <itatonline.org@gmail.com>
Date: Fri, Jul 6, 2012 at 7:15 PM
Subject: Message from EGroup of SolapurCAs Special Bench Explains Scope Of s. 153A Assessment & s. 80IA Deduction
To: editor@itatonline.org

 

Dear Subscriber,

 

The following important judgement is available for download at itatonline.org.

All Cargo Global Logistics Ltd vs. DCIT (ITAT Mumbai Special Bench)

Scope of s. 153A & 80IA(4) Explained

 

The Special bench had to consider two issues (i) whether an assessment u/s 153A encompassed additions not based on any incriminating material found during the search and (ii) whether a "Container Freight Station" was an "Inland Port/ Infrastructure facility" for purposes of deduction u/s 80IA(4). HELD by the Special Bench:

(Click Here To Read More)

Regards,

Editor,

itatonline.org

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