Proportionate disallowance u/s 35AD justifiable as only one godown used for non-agricultural purpose

Rushay Commodities Pvt. Ltd. Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that proportionate disallowance u/s 35AD of the Income Tax Act is justifiable as only one godown is used for non-agricultural purposes, whereas, other four go-downs are used for agricultural purposes only. Facts- The assessee company is engaged in the business of warehousing agricultural products. During the course of assessment proceedings, AO observed that the assessee had claimed deduction u/s. 35AD being 150% of the amount capitalized on the date of commencement of its operation. AO observed that the assessee had con...