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
8
years @ 1/10th each. This is so provided by Section 35D
of the Act as it is clear from the reading of the said
Section which is reproduced hereunder:
”35D. (1) Where an assessee, being an
Indian company or a person (other than a
company) who is resident in India, incurs,
after the 31st day of March, 1970, any
expenditure
