Deduction u/s. 35AD - mere usage of the warehousing facility for ...

Taxpayers Can Claim Deductions for Warehousing Facilities Used Internally u/s 35AD of the Income Tax Act.

May 4, 2016

Case Laws Income Tax AT

Deduction u/s. 35AD - mere usage of the warehousing facility for captive purposes would not disentitle the assessee from the claim of deduction u/s. 35AD - AT

View Source

← Previous Next →

Deduction u/s. 35AD - mere usage of the warehousing facility for ...

Taxpayers Can Claim Deductions for Warehousing Facilities Used Internally u/s 35AD of the Income Tax Act.

May 4, 2016

Case Laws Income Tax AT

You may also like:

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...

Disallowance of deduction u/s 35AD - leasing out of Godown for non agriculture purpose - skimmed milk does not constitute “agricultural produce” - the whole deduction...

Proposed amendment enables recovery of existing liabilities under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 from seized assets...

The summary highlights the key difference between the scope of total income under the Income Tax Act and the Black Money (Undisclosed Foreign Income and Assets) and...

The Income Tax Appellate Tribunal considered whether an assessee can claim deduction under Chapter VI-A of the Income Tax Act, 1961 for the first time in the return...

Denial of exemption u/s 11 - Assessee is claimed to be a trust carrying on activities of providing swimming pool facilities for aquatic events and training and...

Assessee voluntarily declared income under "income from other sources" in return. AO disallowed deduction claimed for coordination and settlement expenses due to lack of...

Deduction u/s 35AD and set off u/s 73A against the loss incurred by it in other unit - Loss of assessee on account of a specified business claiming deduction u/s 35AD...

Deduction u/s 80IA - If an assessee is entitled to certain deductions under the provisions of the Income Tax Act, the same should not be disallowed, merely because of...

The assessee company is eligible to claim Foreign Tax Credit (FTC) against its Minimum Alternate Tax (MAT) liability u/s 115JB of the Income Tax Act for taxes paid in...

Rectification u/s 154 - Deduction claimed u/s. 80IAB - Wrong classification of income under the head ‘income from house property’, has resulted in wrong claim of...

The CBDT issued Notification No. 30/2025 amending Income-tax Rules, 1962, introducing new Rule 12AE governing income tax returns for persons subject to search or...

The High Court held that by virtue of the non-obstante clause in the Kerala General Sales Tax Act, 1963 (KGST Act), it creates a first charge on the property of the...

Deduction u/s 80IA - ICD - Inland port - infrastructure facilities - deduction allowed - HC

Providing various e-Filing facility to Taxpayers for smooth GST Compliance

Quick Updates: