grossly
erred in confirming the disallowance of deduction claimed
u/s. 35AD of the Act.
Ground 3 - That on the facts and in the circumstances ... grossly
erred in confirming the disallowance of deduction claimed
u/s. 35AD on alleged inflated capital expenditure.
Ground 5 - That on the facts
grossly
erred in confirming the disallowance of deduction claimed
u/s. 35AD of the Act.
Ground 3 - That on the facts and in the circumstances ... grossly
erred in confirming the disallowance of deduction claimed
u/s. 35AD on alleged inflated capital expenditure.
Ground 5 - That on the facts
observed that the assessee has claimed deduction
u/s. 35AD of the Act and claimed set off of loss ... hotels located at
Chandigarh & Indore. The assessee claimed deduction u/s
35AD of the Act at Rs. 41,86, 00,563/-. The assessee
claimed
erred
in upholding the assessee's claim of deduction u/s. 35AD of the Act without
2 M/s. Ihsedu Agrochem ... SILO for
captive purposes in contravention of the provisions of S 35AD which provides for
deduction in respect of "Specified Business
incomes from
each of its respective units
Reporting unit Deduction u/s 35AD Net Income (Rs)
(Rs)
Mumbai -- 3,99,40,374
Chandigarh ... Assessee had claimed the deduction under
Section 35AD of the Act, only in respect of the Chandigarh unit. This
resulted in a loss in respect
Housing Development & Infrastructure ... vs Deputy Commissioner Of Income Tax, ... on 10 September, 2018
IN
claim of
depreciation on the hotel and claimed deduction u/s 35AD.
Thereafter during the course of assessment proceedings, the
assessee again sought to withdraw ... claim of deduction u/s
35AD and claimed depreciation as was claimed in the original
return.
6. AO rejected the assessee's claim
entertaining the assessee's claim of deduction u/s
35AD of the Act in the facts and circumstances of the case.
5.1. We have ... report had stated that assessee had not claimed any deduction
u/s 35AD of the Act in the return of income and that the assessee
Asst Cit (Ltu) 2, Mumbai vs Reliance Industries Ltd, Mumbai on 28 September, 2018
IN
Acc Ltd ( Formerly Known As The ... vs Addl Cit Rg 1(1), Mumbai on 28
