https://www.taxtmi.com/caselaws?id=276070 The tribunal dismissed the claim for deduction under section 80IB(11A) of the Income Tax Act, 1961, as the assessee failed to demonstrate profit derived from an integrated business of handling, storage, and transportation of foodgrains. However, the tribunal allowed depreciation on the building and warehouse, finding that the evidence presented supported the entitlement to depreciation. The appeal was partly allowed, directing the allowance of depreciation on the building and warehouse. en-us Mon, 16 Nov 2015 00:00:00 +0530 Fri, 26 Oct 2018 20:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276070 The tribunal dismissed the claim for deduction under section 80IB(11A) of the Income Tax Act, 1961, as the assessee failed to demonstrate profit derived from an integrated business of handling, storage, and transportation of foodgrains. However, the tribunal allowed depreciation on the building and warehouse, finding that the evidence presented supported the entitlement to depreciation. The appeal was partly allowed, directing the allowance of depreciation on the building and warehouse. Case-Laws Income Tax Mon, 16 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276070