disallowance of Rs.3,35 lakhs claimed under
section 35D and allowed under section 35DD of the Act
and further the disallowance ... lakhs
claimed u/s 35D by allowing assessee's alternate claim u/s
35DD .
17. The assessee had claimed Rs 335,605/- under section
increase in authorized share
capital do not qualify for deduction under section 35DD of the Act". The
Assessing Officer has disallowed amalgamation expenses ... eligible for amortization under section
35DD of the Act while fees for increase in authorized share capital
professional expenses referred to by the assessee are not covered
under Section 35DD , then allow the charges paid for development of website
and towards legal ... professional expenses referred to by the
assessee are not covered under Section 35DD , then allow the charges paid for
development of website and towards legal
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
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
account of disallowance of
excess deduction claimed u/s.35DD of the Act. The said expenses
claimed by the assessee were comprised of stamp duty ... allowed in five solvent as per
the provisions of Section 35DD of the Act and, thus, the assessee has
made wrong claim by claiming entire
account.
7.3. During hearing, Ld.Counsel submitted working of expenses
under section 14 A read with rule 8D (ii) as under:
6
ITA 5773 ... u/s 43B 12 ,305 25
257 25
7 , 40 , 170
3. Add: Expenses allowed as per Income tax
25
Issue expenses u/s 35DD
this regard is
not allowable even u/s 37 of the Act as the said section st art s
with no n obstant e clause ... comput ation of income indicates
that similar claims u/s 35DD and 35DDA of the Act w ere made
twice by the assessee.
(ix) Note
revenue
expenditure u/s 37 (1) as it is a capital
expenditure. The assessee also cannot get
deduction u/s 35DD of the Income
which comes to Rs.3,94,170/- u/s 35D of the Act and
disallowed the balance amount of Rs.15,76,678/-.
In appeal ... company. A perusal of the statement of deduction
claimed u/s 35D & 35DD from AY 2007-08 to AY 2011-12 clarifies the
above
