M/S.SHASUN CHEMICALS AND DRUGS LTD. vs. COMMISSIONER OF INCOME TAX, CHENNAI
The appeals are allowed
C.A. No.-009611-009611 - 2016Supreme Court16 Sept 2016
Section 35D
Income Tax W.B(III) (1997)
10 SCC 362 = 225 ITR 798 SC, stating that the
expenditure incurred is capital in nature and hence not
allowable for computing the business profits.
7.
Aggrieved against the aforesaid disallowance
