submissions and gone through the facts and circumstances of the
case. Sec. 35DD(1) reads as under:
"Where an assessee, being an Indian company ... above section mandating any certification from the auditor. We note
that the tax auditor indeed did not report this claim u/s. 35DD
know-how Section 35AB(3) :
(d) Treatment of preliminary expenses Section 35D(5) :
(e) Amortization of expenditure in case of amalgamation Section 35DD
(f) Treatment
banks. Section 44DB deals with the details of such computation
in case of deduction under section 32 , section 35D , section
35DD or section 35DDA . Similarly ... banks. Section 44DB of the Act
deals with the details of such computation in the case of
deduction under sections 32 , 35D , 35DD
that the expenses were deductible in accordance with the provisions of section
35DD of the Act. Accordingly,he allowed the deduction only ... allowing any opportunity to its,that
the claimed by it was allowable u/s. 37 (1) of the Act.After considering the available material
does not fall
in the ambit of provisions of section 35D or 35DD.
5. Any other ground(s) that may be urged at the time ... following reasons:
a) Sec. 35D refers to amortization of preliminary
expenses and section 35DD refers to amortization of
expenses in case of amalgamation or demerger
find that the assessee has raised additional ground claiming
deduction u/s 35DD of the Act. We find that this additional ground raised ... assessee is entitled for deduction at 1/5th of the same u/s 35DD of
the Act. Accordingly, we direct the ld. AO to allow
Ambuja Cement India P.Ltd, Mumbai vs Asst Cit Cir 3(1), Mumbai on 27
The Dcit, Circle-1(1)(1), Ahmedabad vs M/S. Aura Securities Pvt. Ltd.,, ... on
backward areas in certain States. Section 33 deals with
development rebate, while section 33A deals with development allowance.
Similarly, section 33AB deals with tea development ... business. Section 35B deals with export market development
allowance. Section 35C deals with agricultural development allowance. Section
35CC deals with rural development allowance. Section 35CCA
supporting evidence in that regard, that it had separately claimed deduction u/s.
35 DD under the head amortization/ amalga -mation/demerger expenses,that ... amalgamation,that in the subsequent year expenditure was
claimed u/s.35DD of the Act,that if the matter was restored back the assessee would
