https://www.taxtmi.com/caselaws?id=216851 The Tribunal ruled that the assessee was not eligible for a deduction under Section 80IB(11A) of the Income Tax Act as they did not meet the integrated business requirement, specifically the storage condition. The Tribunal emphasized that the provision aimed to encourage the construction of new storage infrastructure to enhance food security and agricultural development, which the assessee did not contribute to. As a result, the Tribunal allowed the Revenue's appeals for the assessment years 2005-06 and 2006-07. en-us Wed, 05 Sep 2012 00:00:00 +0530 Fri, 21 Sep 2012 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216851 The Tribunal ruled that the assessee was not eligible for a deduction under Section 80IB(11A) of the Income Tax Act as they did not meet the integrated business requirement, specifically the storage condition. The Tribunal emphasized that the provision aimed to encourage the construction of new storage infrastructure to enhance food security and agricultural development, which the assessee did not contribute to. As a result, the Tribunal allowed the Revenue's appeals for the assessment years 2005-06 and 2006-07. Case-Laws Income Tax Wed, 05 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216851