Commissioner Of Income Tax, Delhi-I vs M/S. Container Corporation Of India ...

The Supreme Court addressed the interpretation of Section 80-IA of the Income Tax Act, 1961, clarifying that the deduction under this section is available to an enterprise engaged in the business of developing, operating, and maintaining infrastructure facilities. The Court held that the term 'infrastructure facility' includes ports, and thus, the Container Corporation of India Ltd. is entitled to the deduction claimed. The appeals by the Commissioner of Income Tax were dismissed, affirming the lower court's decision.