chain storage facility at
Gujarat Plant as per the provisions of Section 35AD(1A) of the Act.
The AO held that the food processing business ... installed therein.
15. The ld AR vehemently submitted that the section 35AD(2)(i)
of the Act does not provide that the deduction will
chain storage facility at
Gujarat Plant as per the provisions of Section 35AD(1A) of the Act.
The AO held that the food processing business ... installed therein.
15. The ld AR vehemently submitted that the section 35AD(2)(i)
of the Act does not provide that the deduction will
clause (iii) of sub-section (1) or sub-section (2AA) or
sub-section (2AB) of section 35 or section 35AD or section 35CCC
or section ... subclause (iii) of sub-section (1) or sub-
section (2AA) or sub-section (2AB) of section 35 or section 35AD
or section 35CCC or section
clause (iii) of sub-section (1) or sub-section (2AA) or
sub-section (2AB) of section 35 or section 35AD or section 35CCC
or section ... subclause (iii) of sub-section (1) or sub-
section (2AA) or sub-section (2AB) of section 35 or section 35AD
or section 35CCC or section
deduction claimed, if any, under section 10AA; and
(iii) deduction claimed, if any, under section 35AD as reduced by the
amount ... depreciation allowable in accordance with the provisions
of section 32 as if no deduction under section 35AD was allowed in
respect of the assets
income, the
assessee indicated that it had claimed a deduction u/s 35AD amounting to
Page 5 of 19
ITA No. 1234 & 1740 ... with
following additions:
a. Disallowance of deduction claimed u/s 35AD Rs. 73,99,500/-
b. Addition u/s unexplained cash credit
merits, which is unjustified, illegal and against
the provisions of the section 250(6) of the Act.
3. The Ld. CIT(A) has grossly erred ... incurred by the
Appellant, under section 35AD of the Act and consequently, the assessed income
should have been computed at an enhanced loss
correct position as per provisions of section 50B of the Act.
10. Section 50B is a special provision which is applicable in the case
involving ... expenditure has been allowed or is allowable as a deduction
u/s 35AD - nil &
(c ) in the case of other assets the book value
Part-B-TI
2 Adjustment as per section 115JC(2)
a Deduction claimed 2a 0
under any section
included in Chapter
VI-A under ... incomes"
b Deduction claimed 2b 30336727
u/s 10AA
c Deduction claimed 2c 0
u/s 35AD as reduced
by the amount of
depreciation
Part-B-TI
2 Adjustment as per section 115JC(2)
a Deduction claimed 2a 0
under any section
included in Chapter
VI-A under ... incomes"
b Deduction claimed 2b 30336727
u/s 10AA
c Deduction claimed 2c 0
u/s 35AD as reduced
by the amount of
depreciation
