Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Assessee's entitlement for amortization u/s 35-D - expenses ...

Income Tax

July 7, 2012

Assessee's entitlement for amortization u/s 35-D - expenses related to the 'Euro issue' - the word "expansion" in relation to industrial activity gives the meaning as "extension" - this warrants the eligibility of the assessee to amortise certain preliminary expenses - HC

View Source

 


 

You may also like:

  1. Amortisation u/s section 35D - Euro issue expenditure - the expenditure that qualified for consideration under section 35D is restricted by reason of use of the phrase "being" - HC

  2. Research and Development expenses (R&D Expenses) - Allowability of expenses u/s 35(2) - The expenses are not covered u/s 35(2) - The assessee has not claimed the same...

  3. Addition u/s 35D – Expenses on repair of work place - expenses are for the purposes of repairs on rented premises cannot be said to be preliminary expenses, eligible for...

  4. The assessee is eligible to claim deduction u/s 35(1) of the IT Act relating the current year expenditure on R&D.

  5. In the absence of filing approval in Form 3CL by the assessee, no expenses claimed under section 35(2AB) allowed - AT

  6. Amortization of premium paid on investments under "held to maturity category" - assessee is entitled to the amortization of security premium, as claimed - HC

  7. When the Tribunal has recorded a finding that the expenses relating to obtaining fixed deposits are closely linked with the business requirement of the assessee, such...

  8. Entitlement to expenses against the undisclosed receipts of truck - The assessee’s case, being wholly unsubstantiated and presumptuous, has thus rightly been not...

  9. Supplementary invoice issued in respect of supply of wrapper and differential duty paid on the amortization cost of the cylinders used for supply of wrappers are...

  10. Expenditure on sale of JV business - Whether Expenses related to sale of the Parker Pen Division is related to business of the assessee company - Held no, disallowance...

 

Quick Updates:Latest Updates