https://www.taxtmi.com/caselaws?id=247803 The Tribunal allowed the assessee's claim for relief under Section 80IB(11A) of the Income Tax Act for new warehouses set up after 1.4.2001, emphasizing legislative intent to encourage storage capacities. However, the deduction for contribution to the IAS Officers' Association Building was disallowed as capital expenditure not wholly for business purposes. The appeals were partly allowed for statistical purposes. en-us Fri, 24 Jan 2014 00:00:00 +0530 Fri, 23 May 2014 09:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247803 The Tribunal allowed the assessee's claim for relief under Section 80IB(11A) of the Income Tax Act for new warehouses set up after 1.4.2001, emphasizing legislative intent to encourage storage capacities. However, the deduction for contribution to the IAS Officers' Association Building was disallowed as capital expenditure not wholly for business purposes. The appeals were partly allowed for statistical purposes. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247803