Thursday, October 4, 2018

Co-operative bank not being a company registered under Companies Act not eligible for sec. 35DD deduction

IT : Where assessee bank was not an Indian company registered under Companies Act, 1956 and was only a cooperative bank, assessee was not eligible to claim deduction on cost of acquisition of one 'P' bank as expenditure under section 35DD

from www.taxmann.com Latest Case Laws https://ift.tt/2y9aJ2e
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...