https://www.taxtmi.com/caselaws?id=37506 A cold storage company that merely stored potatoes for preservation was not treated as a priority industry eligible for deduction under section 80-I. Although "production" was construed broadly, the benefit was limited to a company actually engaged in producing articles or things specified in the Sixth Schedule. The record showed only storage of tubers belonging to others, with no reliable material that the potatoes were meant for seed purposes or that the assessee was producing processed seeds. On that factual basis, the claimed deduction was denied. en-us Fri, 08 Sep 1978 00:00:00 +0530 Tue, 30 Mar 2010 12:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37506 A cold storage company that merely stored potatoes for preservation was not treated as a priority industry eligible for deduction under section 80-I. Although "production" was construed broadly, the benefit was limited to a company actually engaged in producing articles or things specified in the Sixth Schedule. The record showed only storage of tubers belonging to others, with no reliable material that the potatoes were meant for seed purposes or that the assessee was producing processed seeds. On that factual basis, the claimed deduction was denied. Case-Laws Income Tax Fri, 08 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37506