2012 (4) TMI 789

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.... are clubbed, heard and disposed off vide this common order for the sake of convenience. 2. Brief facts of the case are that the assessee herein is a company in which public are not substantially interested and is engaged in the business of providing cold storage chain facility for the agricultural produce. The assessee provides the following facilities for storage of agricultural produce in refrigerated chambers: a) Unloading of the commodities from the carriages on the platform at the premises of the cold storage unit. b) Analysis of the commodities so as to decide whether the fumigation of the stocks is necessary or not and to fumigate the stocks wherever necessary. c) To lay the stocks in the pre cooling co....

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....tting income after claiming deduction u/s 80IB. The Assessing Officer issued notice u/s 148 in response to which the assessee filed the revised return of income claiming deduction u/s 80(B)(11). Subsequently the Assessing Officer issued notices u/s 143(2) and 141(1) requiring the assessee to explain as to why deduction claimed u/s 80(B)(11) should not be withdrawn as according to the Assessing Officer the assessee is not carrying on any activity of cold chain facility. The assessee filed detailed explanation mentioning the activities and the facilities provided. The Assessing Officer, however, did not accept the said explanation on the ground that the cold chain facility is complete only if the transport facility is also provided. According....