Supreme Court · 2018 INSC 400 · Decided 24 April 2018
Commissioner of Income Tax, DELHI-1 v. M/S Container Corporation of India LTD.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 400 · [2018] 5 S.C.R. 607
- Case number
- CIVIL APPEAL No. 8900/2012
- Decided
- 24 April 2018
- Bench
- R.K. AGRAWAL, ABHAY MANOHAR SAPRE (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80; Customs Act Section 2(12), 7(1)(aa)
Headnote
Income Tax Act, 1961 - s.80-IA - Deduction under s.80-IA on the profits earned from the Inland Container Depots - Held: The ICDs are Inland Ports and are subject to the provisions of s.80-IA - Deduction can be claimed for the income earned out of these Depots - s.2(12), 7(1)(aa). Disposing of the appeals, the Court HELD: 1. The Inland Container Depots (ICDs) function for the benefit of exporters and importers located in industrial centers which are situated at distance from sea ports. The purpose of introducing them was to promote the export and import
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