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
10. In the aforesaid backdrop, the assessee again
claimed amortization of expenditure under Section 35D of
the Act for the Assessment Year 2001-02 which was
disallowed for the same reason. However, the assessee's
appeal before the CIT (A) succeeded as CIT(A) allowed
that expenditure. The order of CIT(A) was affirmed by
the Income Tax Appellate Tribunal
