Depreciation reference updated to include an additional subsection, broadening eligible capital allowance deductions under the Act. Amendment revises clause (iv) of sub-section (2) of section 35 to substitute the existing cross-reference to the earlier subsection of section 32 with a cross-reference that also includes the additional subsection under section 32, thereby extending section 35's reach to expenditures qualifying under that additional subsection.
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.
Depreciation reference updated to include an additional subsection, broadening eligible capital allowance deductions under the Act.
Amendment revises clause (iv) of sub-section (2) of section 35 to substitute the existing cross-reference to the earlier subsection of section 32 with a cross-reference that also includes the additional subsection under section 32, thereby extending section 35's reach to expenditures qualifying under that additional subsection.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
