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2003 (7) TMI 53 - RAJASTHAN HIGH COURTDeduction under section 35D - Tribunal treating the increase in the production capacity from 6 lakhs head lamps per annum to 12 lakhs head lamps per annum as expansion and not extension as envisaged in section 250 (sic) of the Income-tax Act, 1961, and consequently holding that the assessee was not entitled to deduction under section 35D in respect of expenses as public issue – Held that the expenses incurred on issue of public subscription, of shares or of debentures of the company, any payment made against commission, brokerage and charges for drafting, typing, printing and advertisement of the prospectus, which are clearly referred to in sub-clause (iv) of section 35D(2)(c), and any expenses incurred on these items, the assessee is eligible for benefit of section 35D - We clarify that the expenses will be allowed only to the extent incurred on the items referred to in sub-clause (iv) of clause (c) of sub-section (2) of section 35D
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