entire facts it is observed that as per
the provisions of section 35AD the deduction benefits are applicable
only to the enterprise that carries ... been offered to
tax by such JV nor any deduction under section 35AD has been
claimed by such JV. While adjudicating the issue reliance
erred in allowing the deduction claimed by
assessee u/s 35AD of the IT Act to the tune ... after claiming deduction of Rs.13,02,56,562/- u/s. 35AD of the Act. A
survey u/s. 133A of the Act was conducted
fulfilled the criteria of deduction
under sub-section (i) and sub-section (ii) of the Section 35AD of
the Act. Accordingly, after getting the approval ... details in respect of deduction
claimed under sub-section (i) and (ii) to section 35AD of the Act.
Thereafter a show-cause notice dated
withdrawing the claim of
depreciation on the hotel and claimed deduction u/s 35AD.
Thereafter during the course of assessment proceedings, the
assessee again sought ... withdraw the claim of deduction u/s
35AD and claimed depreciation as was claimed in the original
return.
6. AO rejected the assessee
section (4B) of section 139 on or before the due date under that section.". 12. Amendment of section 23.
- In section 23 of the Income ... competent authority, shall be taken to be nil.". 13. Amendment of section 35AD.
- In section 35AD of the Income-tax Act, in sub-section
clause (xvii) of section 47." 6. Amendment of section 10AA.
- In section 10AA of the Income-tax Act, after sub-section (9) but before ... specified business, referred to in clause (c) of sub-section (8) of section 35AD, for any assessment year, no deduction shall be allowed under
part of section 28 . The income referred to in section 28 shall be
computed in accordance with the provisions contained in section ... section 35ABB deals
with expenditure for obtaining licence to operate
telecommunication services. Section 35AC deals with
expenditure on eligible projects or schemes and section 35AD
specified business referred to in
clause (c) of sub-section (8) of section 35AD for any
assessment year, no deduction shall be allowed under ... provisions of section 35AD in relation to such
specified business for the same or any other assessment
year."
4. The "gross total income
Gujarat Fluorochemicals Limited,, ... vs The Deputy Commissioner Of Income Tax, ... on 13 August, 2018
आयकर
section 32A relates to investment allowance, section 32AB
relates to investment deposit account. Section 32AC deals with investment in
new plant or machinery. Section 32AD ... Section 35ABB deals with expenditure for obtaining licence to
operate telecommunication services. Section 35AC deals with expenditure on
eligible project. Section 35AD deals with deduction
