Claim of deduction u/s. 35AD by stating that the appellant did ...

Appellant Wins Deduction Claim for Hotel Business Expenses u/s 35AD of Income Tax Act Despite Initial Challenge.

December 28, 2021

Case Laws Income Tax AT

Claim of deduction u/s. 35AD by stating that the appellant did not build the hotel building - Once deduction u/s.35AD of the Act is claimed then by virtue of section 35AD(4) of the Act, no other deduction in respect of these expenditure shall be allowed as deduction - the beneficial provisions of the Act and our observations mentioned herein above in the instant case before us the assessee is entitled for the benefit of deduction u/s. 35AD towards the expenditure incurred by it for establishing its hotel business of specified category as provided under the Act - AT

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Claim of deduction u/s. 35AD by stating that the appellant did ...

Appellant Wins Deduction Claim for Hotel Business Expenses u/s 35AD of Income Tax Act Despite Initial Challenge.

December 28, 2021

Case Laws Income Tax AT

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