Deduction restriction: allowance under section 32AB precludes claiming section 32A depreciation for a prescribed multi year block. Where a deduction has been allowed to an assessee under section 32AB in any assessment year, no deduction shall be allowed to the assessee under sub section (1) of section 32A in the initial assessment year and for a further consecutive block period of four years beginning with the assessment year immediately succeeding the initial assessment year.
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 restriction: allowance under section 32AB precludes claiming section 32A depreciation for a prescribed multi year block.
Where a deduction has been allowed to an assessee under section 32AB in any assessment year, no deduction shall be allowed to the assessee under sub section (1) of section 32A in the initial assessment year and for a further consecutive block period of four years beginning with the assessment year immediately succeeding the initial assessment year.
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