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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Cost of Project u/s.35D(3)(a) - industrial undertaking - shares ...


Shares Not Classified as Project Costs for Section 35D(3)(a) Deduction Claims Under Income Tax Act.

September 12, 2015

Case Laws     Income Tax     AT

Cost of Project u/s.35D(3)(a) - industrial undertaking - shares acquired cannot be treated by any stretch of imagination as land or building, plant or machinery etc., and treated as "cost of project" for the purpose of allowing deduction u/s.35D - AT

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