DCIT, NEW DELHI vs. M/S. L.T. FOODS LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed and the appeal of the Assessee is allowed in part and for statistical purposes

Bench: Shri G.S. Pannu, Hon’Ble & Shri K.Narasimha Charydcit Vs. L.T. Foods Ltd., Central Circle-19, Unit No. 134, First Floor, 3Rd Floor, Ara Centre, Rectangle-I, Saket District Centre Jhandewalan Extn. New Delhi. New Delhi.

disallowance made by the Ld. Assessing Officer. Ld. CIT(A) held that the assessee was engaged in the integrated business of transporting, handling and storage of food grains and fulfilled condition stipulated in section 80IB(11A) of the Act and, therefore, the assessee was eligible to claim deduction under that section. Ld. CIT(A) further agreed with the contention