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
Section 43B or 40A(9) of the Act does not come in
the way of the assessee. Therefore, the High Court was
wrong in disallowing this expenditure as deduction while
computing the business income of the assessee and the
decision of the ITAT was correct.
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