{"id":45261,"date":"2024-08-16T09:54:36","date_gmt":"2024-08-16T04:24:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/chennai-container-terminal-p-ltd-v-dy-cit2023-108-itr-147-154-taxmann-com-68-mumtrib-2\/"},"modified":"2024-08-16T09:54:36","modified_gmt":"2024-08-16T04:24:36","slug":"chennai-container-terminal-p-ltd-v-dy-cit2023-108-itr-147-154-taxmann-com-68-mumtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/chennai-container-terminal-p-ltd-v-dy-cit2023-108-itr-147-154-taxmann-com-68-mumtrib-2\/","title":{"rendered":"Chennai Container Terminal P. Ltd v.Dy.CIT(2023) 108 ITR 147 \/ 154 taxmann.com 68 (Mum)(Trib)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Held that the\u00a0 assessee is\u00a0 not involved in any other activity other than running of port, irrespective of various income declared by assessee in nature of duty credit entitlement, interest income, reversal of provision, small scarp sales etc., any income generated out of this port would be eligible for deduction under section 80-IA. Assessing Officer is\u00a0\u00a0 directed to treat this miscellaneous income as part of business carried on by assessee. (AY. 2008-09, 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings-Enterprises engaged in infrastructure development-Not involved in any other activity other than running of port-Irrespective of various income declared by assessee in nature of duty credit entitlement, interest income, reversal of provision, small scarp sales etc., any income generated out of this port would be eligible for deduction. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-45261","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bM1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=45261"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45261\/revisions"}],"predecessor-version":[{"id":45262,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45261\/revisions\/45262"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}