https://www.taxtmi.com/caselaws?id=262128 The Tribunal upheld the Commissioner of Income-tax (Appeals) decisions in favor of the assessee, allowing the deduction under Section 35AD for expenditure incurred before business commencement and capitalization in the books. The Tribunal dismissed the department's appeal, affirming the CIT(A)'s findings on both the deduction and the addition under Section 69, concluding that the stock in the cold storage belonged to farmers based on substantial evidence of bonds, bank loans, and rents collected. en-us Wed, 29 Jul 2015 00:00:00 +0530 Mon, 03 Aug 2015 11:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262128 The Tribunal upheld the Commissioner of Income-tax (Appeals) decisions in favor of the assessee, allowing the deduction under Section 35AD for expenditure incurred before business commencement and capitalization in the books. The Tribunal dismissed the department's appeal, affirming the CIT(A)'s findings on both the deduction and the addition under Section 69, concluding that the stock in the cold storage belonged to farmers based on substantial evidence of bonds, bank loans, and rents collected. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262128