cold storage deduction u/s 80IC

[satbir singhwahi]

Cold storage in Himachal pradesh whether eligible for deduction u/s 80IC

[Mahir S]

Sir,
Please refer to the following judgment:-
2015 (6) TMI 725 - ITAT CHANDIGARH = Hycron Electronics, M/s Stove Kraft India, M/s Vanser Metallics, M/s Sansui Electronics, , Lyon DC, Cutting Edge Technologies, M/s UPS Invertor Com, Shri Rakesh Verma, Usaka Electricals, M/s Digital Systems Inc, Admac Formulations, Shri Vipan Gupta Versus Income Tax Officer, Ward-2, Baddi And Others

[satbir singhwahi]

Sir

Whether cold storage activity included in Schedule Fourteen mentioned in 80IC

[Mahir S]

Sir,

Sir,

It appears that cold storage activity is NOT included under Schedule Fourteen mentioned in 80IC.

However, the list being exhaustive, you may again recheck it at your end.

AI Summary

Cold storage deduction under section 80IC unavailable where activity is not listed in Schedule Fourteen. The exchange concludes that cold storage activity is not included within the Schedule Fourteen list of eligible activities referenced for the deduction under section 80IC; the list is regarded as exhaustive and claimants should verify the schedule before claiming the deduction.