https://www.taxtmi.com/caselaws?id=419088 The Tribunal partially allowed the appeal by overturning the disallowance of deduction under section 80P for income from CAP storage. The Tribunal found that CAP storage qualified as a warehouse for the deduction purpose, rejecting the argument that a permanent structure was necessary. The issue of protective disallowance related to depreciation became moot after full depreciation disallowance was deleted. Therefore, the Tribunal's decision rendered the protective disallowance issue irrelevant. en-us Thu, 17 Feb 2022 00:00:00 +0530 Thu, 03 Mar 2022 06:49:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419088 The Tribunal partially allowed the appeal by overturning the disallowance of deduction under section 80P for income from CAP storage. The Tribunal found that CAP storage qualified as a warehouse for the deduction purpose, rejecting the argument that a permanent structure was necessary. The issue of protective disallowance related to depreciation became moot after full depreciation disallowance was deleted. Therefore, the Tribunal's decision rendered the protective disallowance issue irrelevant. Case-Laws Income Tax Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419088