Assessee is engaged in dealing of preserved goods, agricultural produce and for which theses items have to be preserved in cold chain which is owned by assessee and not providing of any type of cold chain facility can he eligible to claim 100% deduction of plant and machinery under section 35AD
Yes, as per my opinion, the assessee can claim 100% deduction on Plant and Machinery u/s 35AD provided the conditions laid under the section are fulfilled.
It is immaterial whether he is dealing in the preserved goods or agricultural produce. If he is having a cold chain facility, then he is elgible to claim deduction.
yes deduction will be allowed, the word cold chain facility means the chain of STORAGE AND TRANSPORTATION of agricultural product etc. BUT in sec 35AD the word cold chain facility means a chain of STORAGE OR TRANSPORTATION... so in my opinion the deduction will be allowed even if he operates the cold chain facility only.