Prohibition on double deductions: deduction under section 10AA precludes deduction under section 35AD for same specified business. Where a deduction is claimed and allowed under section 10AA in respect of profits of a specified business referred to in clause (c) of sub section (8) of ... Summary
Prohibition on double deductions: deduction under section 10AA precludes deduction under section 35AD for same specified business.
Where a deduction is claimed and allowed under section 10AA in respect of profits of a specified business referred to in clause (c) of sub section (8) of section 35AD, no deduction shall be allowed under the provisions of section 35AD in relation to such specified business for the same or any other assessment year, establishing mutual exclusivity between the two deductions.
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