Daily digest for Gupta Chandan & Associates, on December 14, 2021

posted: "INCOME TAX : Prior to amendment in 2016, section 35(2AB) does not provide any methodology of approval to be granted by prescribed authority vis-a-vis expenditure from year to year, therefore, order of Assessing Officer in curtailing expenditure and conseq" New post on Gupta Chandan & Associates ITAT set-asides disallowance as Form 3CL not required to be filed before 1-7-2016 to claim deduction u/s 35(2AB) INCOME TAX : Prior to amendment in 2016, section 35(2AB) does not provide any methodology of approval to be granted by prescribed authority vis-a-vis expenditure from year to year, therefore, order of Assessing Officer in curtailing expenditure and consequent weighted deduction claimed under section 35(2AB) on ground that deduction cannot exceed claims approved by prescribed […] Read more of this post December 14, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1Vx Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/itat-set-asides-disallowance-as-form-3cl-not-required-to-be-filed-before-1-7-2016-to-claim-deduction-u-s-352ab/