https://www.taxtmi.com/caselaws?id=467642 Cold storage operations for storing growers' produce were treated as "preservation" for deduction under section 80IB(11A), because letting out the facility did not alter the character of the business. The assessee was therefore engaged in eligible preservation activity and entitled to the deduction. On that basis, the assessment could not be regarded as erroneous or prejudicial to the interests of Revenue under section 263 merely because the facility was used by growers. The earlier tribunal ruling cited by Revenue was not binding, as it had not examined the precise preservation question. en-us Mon, 17 Feb 2025 00:00:00 +0530 Fri, 27 Mar 2026 19:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467642 Cold storage operations for storing growers' produce were treated as "preservation" for deduction under section 80IB(11A), because letting out the facility did not alter the character of the business. The assessee was therefore engaged in eligible preservation activity and entitled to the deduction. On that basis, the assessment could not be regarded as erroneous or prejudicial to the interests of Revenue under section 263 merely because the facility was used by growers. The earlier tribunal ruling cited by Revenue was not binding, as it had not examined the precise preservation question. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467642