https://www.taxtmi.com/caselaws?id=247803 Section 80IB(11A) can apply to profits from newly set up warehouses or godowns commenced after 1.4.2001 where the activity forms an integrated business of handling, storage and transportation of food grains. A pre-existing warehousing business does not, by itself, disqualify new units if each warehouse constitutes a separate undertaking and the statutory conditions are otherwise satisfied. By contrast, a contribution to the IAS Officers' Association building was treated as an advance for construction, not as expenditure laid out wholly and exclusively for business, and was viewed as capital in nature. The deduction claim on that payment was therefore not sustainable. 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 Section 80IB(11A) can apply to profits from newly set up warehouses or godowns commenced after 1.4.2001 where the activity forms an integrated business of handling, storage and transportation of food grains. A pre-existing warehousing business does not, by itself, disqualify new units if each warehouse constitutes a separate undertaking and the statutory conditions are otherwise satisfied. By contrast, a contribution to the IAS Officers' Association building was treated as an advance for construction, not as expenditure laid out wholly and exclusively for business, and was viewed as capital in nature. The deduction claim on that payment was therefore not sustainable. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247803