Income Tax : S.80-IA of Income-tax Act, 1961 and Deduction of Interest

Income Tax : S.80IA of Income-tax Act, 1961 and Deduction of Interest

In the case of Gateway Terminals India Pvt Ltd v DCIT [2025] GCtR 1454 (Bombay), issue was related to S.80IA of Income-tax Act, 1961, allowing the appeal of assessee it was held that  "interest earned by the Appellant is directly related to the business of the Appellant and therefore is deductible under Section 80IA."

S.80-IA deals with 100% of profit and gains for 10 years. This provision deals with infrastructure facility or telecommunication services.