Income from Car Parking Rental Eligible for Deduction u/s 80IA of Income Tax Act: ITAT [Read Order]

Income - Car Parking - rental - Eligible - Deduction - Income Tax Act - ITAT - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that income from car parking rental is eligible for Deduction under Section 80IA of Income Tax Act 1961. The assessee Candor Gurgaon Two Developers and Projects Pvt.Ltd is in the business of developing SEZ in IT/ITES Sector and lease-out the premises for rent and…

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