https://www.taxtmi.com/caselaws?id=61648 The Tribunal dismissed the appeal, upholding the decisions of the AO and CIT(A) on all grounds. The assessee's claim for deduction under Section 80P(2)(a)(iii) of the IT Act was denied as its activities did not constitute marketing of agricultural produce. The new claim for capital receipt under the Sampat Incentive Scheme was rejected due to lack of evidence and untimely submission. Additionally, the disallowance of guest house expenses was upheld based on the specific provisions of the IT Act. en-us Thu, 20 Mar 2003 00:00:00 +0530 Thu, 13 Jan 2011 17:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61648 The Tribunal dismissed the appeal, upholding the decisions of the AO and CIT(A) on all grounds. The assessee's claim for deduction under Section 80P(2)(a)(iii) of the IT Act was denied as its activities did not constitute marketing of agricultural produce. The new claim for capital receipt under the Sampat Incentive Scheme was rejected due to lack of evidence and untimely submission. Additionally, the disallowance of guest house expenses was upheld based on the specific provisions of the IT Act. Case-Laws Income Tax Thu, 20 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61648