35AD Nowhere in the clause (aa) to sub-
section (5) of section 35AD was it mandated that the date of the
certificate ... depreciation at prescribed rates u/s
32 is admissible. In case assessee do not avail or obtain deduction u/s
35AD then assessee is entitled
erred in sustaining the disallowance of
the claim of deduction under section 35AD(5)(aa) of the Income ... making
disallowance of ₹.78,17,85,770/- under section 35AD(5)(aa) of the Act being
expenses incurred in creating and establishing the eligible asset
profits as per provisions of Section 115JB
is also disallowed.
Issue No. 7 - Disallowance of deduction claimed u/s 35AD
(i) Assessee has claimed deduction ... deduction u/s 35AD(1) . In light of provisions of Section
35AD(7B) , deduction of Rs.165,16,74,407 (being
profits as per provisions of Section 115JB
is also disallowed.
Issue No. 7 - Disallowance of deduction claimed u/s 35AD
(i) Assessee has claimed deduction ... deduction u/s 35AD(1) . In light of provisions of Section
35AD(7B) , deduction of Rs.165,16,74,407 (being
Officer in making the addition of Rs. 64,60,630/- under section 35AD , without
pointing out any defect and further has erred in not allowing ... assessee has challenged the sustenance of
disallowance of deduction under section 35AD of the Act.
21. Briefly, the facts of the case are that during
Officer in making the addition of Rs. 64,60,630/- under section 35AD , without
pointing out any defect and further has erred in not allowing ... assessee has challenged the sustenance of
disallowance of deduction under section 35AD of the Act.
21. Briefly, the facts of the case are that during
Officer in making the addition of Rs. 64,60,630/- under section 35AD , without
pointing out any defect and further has erred in not allowing ... assessee has challenged the sustenance of
disallowance of deduction under section 35AD of the Act.
21. Briefly, the facts of the case are that during
specified
business carried on during the year, PROVISO below sub
section (1) of section 35AD talks about the allowability
during the previous year in which ... commencement of its operations.
10.12 On perusal of sub-section [1] of section 35AD of the Act,
postulates that an Appellant shall be allowed deduction
specified
business carried on during the year, PROVISO below sub
section (1) of section 35AD talks about the allowability
during the previous year in which ... commencement of its operations.
10.12 On perusal of sub-section [1] of section 35AD of the Act,
postulates that an Appellant shall be allowed deduction
recompute the income of the
assessee firm u/s 115JC after considering the deduction u/s 35AD without
appreciating the findings of AO that ... that the assessee was
entitled to depreciation u/s 32 but for claiming deduction u/s 35AD ,
the assessee waived claim of depreciation.
(iv) That
