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2013 (2) TMI 623 - HC - Income TaxDeduction u/s 80-IB(11) - cold chain facilities - Integrated business of cold storage and cold transportation - held that:- it is not necessary that there should be facility of transportation along with the facility of cold storage to constitute a cold chain facility. The business of cold storage alone, without any transportation facility with refrigeration back to back upto consumption and, linking farmer and market also qualifies for deduction in terms of provisions of Section 80-1B (11) of the Act. The word "or" in the context here means and should be interpreted as disjunctive particle. The statute should be read in its ordinary, natural, and grammatical sense. - Decided in favor of assessee.
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