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2017 (11) TMI 853 - AT - Income TaxAllowance of claim under the provision of 35DD - deduction being 1/5th of the restructuring expenses - Held that:- As the matter was now sub juice before the Tribunal, therefore, the assessee did not make any claim being 1/5th of restructuring expenses in the subsequent year. However, assessee is very much entitled for 1/5th of the expenditure in the five assessment years . Thus Assessee is very much entitle for restructuring expense u/s. 35DD of the Act. Accordingly, we direct the AO to allow the restructuring expense claim as per provision of law.
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