In the result, the appeal of the revenue is dismissed
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 103 & 104/Asr/2024 Assessment Years: 2014-15 & 2017-18 Ito, Ward-3(1), Vs. M/S Jatin Agro Fort Road, Ferozepur. 152-P, Ferozepur. [Pan:-Aarpm5393F] (Appellant) (Respondent) Sh. Ashray Sarna, Ca Appellant By Respondent By Sh. Sunil Gautam, Cit. Dr
Property as against the income admitted by the Appellant under the head Business. 6.5. The deduction claimed under section 35AD of the Act of Rs. 86,33,60,656/-, is allowed and the income earned from warehousing facility has to be assessed as business income in the hands of the Appellant, the appeal filed by the Appellant is allowed