Dismissing the appeal of the revenue the Court held that ; Inland Container Depots (ICDs) are Inland Ports and income earned out of these Depots are eligible for deduction. However, the actual computation is to be made in accordance with the different Notifications issued by the Customs department with regard to different ICDs located at different places .Notification No S.O.744 ( E) dt. 1-9-1998 ( 1998) 233 ITR 126 (St) (CANO. 8900 OF 2012, dt. 24. 04. 2018) ( CANO. 8900 OF 2012, dt. 24.04.2018) ( AY. 2003-04 to 2005 -06)
CIT v. Container Corporation of India Ltd.( 2018) 404 ITR 397 / 165 DTR 353/302 CTR 221/ 255 Taxman 334 (SC) , www.itatonline.org/CIT v. A.L. Logistics ( P) Ltd ( 2018) 165 DTR 353/302 CTR 221/ 255 Taxman 334 (SC) , www.itatonline.org CIT v. Continental Ware Housing Corporation ( 2018) 165 DTR 353/302 CTR 221 / 255 Taxman 334 (SC) , www.itatonline.org
S. 80IA :Industrial undertakings – Infrastructure development- Inland Container Depots (ICDs) are Inland Ports and income earned out of these Depots are eligible for deduction. However, the actual computation is to be made in accordance with the different Notifications issued by the Customs department with regard to different ICDs located at different places [ S.80IA(4) ]