Tuesday, November 3, 2020

Non-industrial undertaking cannot claim section 35D deduction in respect of share issue expenses

INCOME TAX: Where assessee was not an industrial undertaking, deduction under section 35D in respect of share issue expenditure was not allowable to it

from www.taxmann.com Latest Case Laws https://ift.tt/3mNSJSC

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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...