Deduction disallowance: expenditure incurred after statutory cutoff under section 35 is ineligible for tax deduction. The amendment inserts a clause into section 35 providing that no deduction shall be allowed for the expenditure referred to in clause (1) if it is incurred after the statutory cutoff date, thereby making such post-cutoff expenditure ineligible for deduction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction disallowance: expenditure incurred after statutory cutoff under section 35 is ineligible for tax deduction.
The amendment inserts a clause into section 35 providing that no deduction shall be allowed for the expenditure referred to in clause (1) if it is incurred after the statutory cutoff date, thereby making such post-cutoff expenditure ineligible for deduction.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.