The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance only with respect to the godown which was leased to Banas Diary for non-agricultural purposes. The assessee company, Rushay Commodities Pvt Ltd was engaged in the business of warehousing agricultural products. The Assessing Officer found that one of the parties i.e. Banas…
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