Supreme Court of India · 2018-04-24
COMMISSIONER OF INCOME TAX, DELHI-I vs M/S. CONTAINER CORPORATION OF INDIA LTD.
- Citation / case number
- SC 2012/33542
- Court
- Supreme Court of India
- Petitioner
- COMMISSIONER OF INCOME TAX, DELHI-I
- Respondent
- M/S. CONTAINER CORPORATION OF INDIA LTD.
- Author
- HON'BLE MR. JUSTICE R.K. AGRAWAL
- Bench
- HON'BLE MR. JUSTICE ABHAY MANOHAR SAPRE HON'BLE MR. JUSTICE R.K. AGRAWAL
Judgment text excerpt
The Supreme Court examined the applicability of Section 80-IA(4) of the Income Tax Act, 1961, regarding the entitlement of M/s Container Corporation of India Ltd. (CONCOR) to claim deductions on profits from Inland Container Depots (ICDs). The Court held that the High Court's decision to allow the deduction was correct, affirming that the ICDs qualify as infrastructure facilities under the specified section. Consequently, the appeal by the Revenue was dismissed, upholding the High Court's ruling.