https://www.taxtmi.com/caselaws?id=436061 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decision to restrict the disallowance of deduction u/s 35AD to the specific godown not used for specified business. The Tribunal applied precedents where proportionate deductions were allowed when only a part of the project met the conditions, leading to the conclusion that since four out of five godowns were leased for agricultural produce storage, the deduction could not be fully denied under section 35AD(7B). en-us Tue, 21 Mar 2023 00:00:00 +0530 Tue, 04 Apr 2023 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436061 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decision to restrict the disallowance of deduction u/s 35AD to the specific godown not used for specified business. The Tribunal applied precedents where proportionate deductions were allowed when only a part of the project met the conditions, leading to the conclusion that since four out of five godowns were leased for agricultural produce storage, the deduction could not be fully denied under section 35AD(7B). Case-Laws Income Tax Tue, 21 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436061