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. 35

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