Section 72 of the Act for a period of eight years instead of
an indefinite period in terms of Section 73A read with Section 35AD ... terms of
Section 72 of the Act, instead of an indefinite
period in terms of Section 73A , read with Section
35AD , of the Act. Clearly
specified
business as referred to in Clause (aa) to Sub-Section (5) of Section 35AD of
the Act.
8. The Revenue seeks to non suit ... Central Government. We
find nowhere in Clause (aa) to Sub-Section (5) of Section 35AD of the Act
mandating that the date of certificate should
said so in Section 80IA(4)(iv)(c) of the Act.
In this connection, our attention has been invited to
Section 35AD ... Year, it has consciously
done so viz., in Section 35AB , Section 35ABB , Section
35AC and Section 35AD as well as in 77 other Sections
Section 143(3) was passed on 13.03.2015 and at the time of passing of the assessment order, two issues, viz., allowance under Section 35AD claimed ... completing the formalities, scrutiny assessment under Section 143(3) was passed on 13.03.2015 making disallowance under Section 35AD of Rs.13,96,553/- and disallowance
hospital under Section 133A of the Income Tax Act, 1961. The
petitioner appears to have availed the benefit of Section 35AD of the Income ... petitioner may not have been
entitled to the benefit of Section 35AD of the Income Tax Act, 1961. Thus, the
loss that was declared
registered
under the Companies Act, 1956 . The assessee claims
deduction under Section 35AD of the Act, of the entire
capital ... depreciation under Explanation 5 of
Section 32(1) of the Act and deduction under Section
35AD , non-disposal of the appeals by the Appellate
Authority
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
accountant as
defined in the Explanation below sub-section (2) of
section 288 indicating the computation of the net
worth of the undertaking or division ... Page 6 of 18
is allowable as a deduction under section 35AD, nil
; and
(c) in the case of other assets, the book value
shall have the meaning assigned to it in clause (10D) of Section 10 ;
(vii) any sum, whether received or receivable, in cash or kind ... such capital asset has been allowed as a deduction under Section 35AD .
Explanation 1.[Omitted by the Direct Tax Laws (Amendment
