made on account of disallowance of
deduction u/s.35AD as the assessee firm does not fulfill the criteria
to avail the deduction ... 35AD of the I.T.Act.
3. The short facts of the case are that the assessee-firm is engaged in
the business of hotel
disallowance of claim of
`2,45,44,677/-, u/s.35AD of the Act.
3. On the first common issue, the ld.A.R submitted ... claim u/s.35AD of the Act, which is relevant
only for assessment year 2011-12, submission of the ld.A.R was that
this
Housing Development & Infrastructure ... vs Deputy Commissioner Of Income Tax, ... on 10 September, 2018
IN
Whether the assessee is entitled to claim
deduction under Section 35AD(v)(aa) for the
assessment year 2011-12 even though the
classification for three ... right on the part of the Tribunal to
grant deduction under Section 35AD(v)(aa)
especially when the assessee did not satisfy the
conditions stipulated
passing of the assessment order, two issues, viz., allowance under Section 35AD claimed and disallowance under Section 14A alone were discussed and based on these ... dated 13.03.2015 had been passed by considering the issues covered by Section 35AD and Section 14A and no opinion was formed regarding the petitioner
registered
under the Companies Act, 1956 . The assessee claims
deduction under Section 35AD of the Act, of the entire
capital ... concluded rejecting the
claim of the petitioner for the deduction under Section
35AD of the Act. Aggrieved by the same, petitioner
preferred an appeal before
Gujarat Fluorochemicals Limited,, ... vs The Deputy Commissioner Of Income Tax, ... on 13 August, 2018
आयकर
Asst Cit (Ltu) 2, Mumbai vs Reliance Industries Ltd, Mumbai on 28 September, 2018
IN
operate telecommunication services. Section 35AC deals with expenditure on
eligible project. Section 35AD deals with deduction in respect of expenditure on
specified business. Section
under section 10AA; and
(iii) deduction claimed, if any, under section 35AD as reduced by the
amount of depreciation allowable in accordance with the provisions ... section 32 as if no deduction under section 35AD was allowed in
respect of the assets on which the deduction under that section is
claimed
