Deduction u/s 35ad

This query is : Resolved 

24 December 2013 Deduction u/s 35AD shall be available to specified business. One of the specified business is "Setting up and operating a Cold Chain facility". My query is whether term Cold Chain facility includes setting up and operating Cold Storage also?

Secondly if it is available (150%) of cost of capital, whether assesses shall be allowed deduction u/s 80IB?

24 December 2013 Ans 1. Yes
Ans 2.No as other deduction is not allowed as it will lead to double deduction.


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