same is allowable in five equal annual
installments in terms of sec. 35DD of the Act. The assessee agreed to the same
and accordingly ... assessee
should not have claimed deduction u/s 37(1) when the provisions of sec. 35DD
provides for specific deduction of expenditure in connection with
ground no.2, the assessee has challenged proportionate
deduction claimed under section 35DD on legal fee.
33. Brief facts are, during the assessment proceedings ... being 1/5th of the legal fees paid as
deduction under section 35DD of the Act.
34. The learned Commissioner (Appeals) held that
part of section 28 . The income referred to in section 28 shall be
computed in accordance with the provisions contained in section ... certain domestic companies. Section
35 deals with expenditure on scientific research, section 35AB
deals with expenditure on know-how and section 35ABB deals
with expenditure
part of section 28 . The income referred to in section 28 shall be
computed in accordance with the provisions contained in section ... certain domestic companies. Section
35 deals with expenditure on scientific research, section 35AB
deals with expenditure on know-how and section 35ABB deals
with expenditure
part of section 28 . The income referred to in section 28 shall be
computed in accordance with the provisions contained in section ... certain domestic companies. Section
35 deals with expenditure on scientific research, section 35AB
deals with expenditure on know-how and section 35ABB deals
with expenditure
part of section 28 . The income referred to in section 28 shall be
computed in accordance with the provisions contained in section ... certain domestic companies. Section
35 deals with expenditure on scientific research, section 35AB
deals with expenditure on know-how and section 35ABB deals
with expenditure
part of section 28 . The income referred to in section 28 shall be
computed in accordance with the provisions contained in section ... certain domestic companies. Section
35 deals with expenditure on scientific research, section 35AB
deals with expenditure on know-how and section 35ABB deals
with expenditure
five successive
years in equal proportion by invoking the provisions of section
35DD of the Act and that the retention bonus paid to the employees
transferred to profit and loss account as per
the provisions of Sec. 35DD of the Act and we direct the ld. Assessing
Officer to allow
disallowing amortization of expenditure on amalgamation/de-merger
claimed under section 35DD of Rs.17,17,462/- The appellant submit that the claim
made were ... account of amalgamation/demerger claimed u/s 35DD , the CIT while making
the addition has observed that assessee claimed amalgamation/demerger expenses
