Deductibility of disallowed amounts clarified through Schedule XIV amendment and later deduction mechanism for section 35(b) items. Schedule XIV is amended in paragraph 4 by substituting 'this rule' with 'this paragraph' in sub-paragraph (1)(a) and by inserting a new sub-paragraph that permits later deduction of amounts not deductible under section 35(b)(i) or (ii) and added under sub-paragraph (1)(a), in accordance with the relevant sub-clause.
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Provisions expressly mentioned in the judgment/order text.
Deductibility of disallowed amounts clarified through Schedule XIV amendment and later deduction mechanism for section 35(b) items.
Schedule XIV is amended in paragraph 4 by substituting "this rule" with "this paragraph" in sub-paragraph (1)(a) and by inserting a new sub-paragraph that permits later deduction of amounts not deductible under section 35(b)(i) or (ii) and added under sub-paragraph (1)(a), in accordance with the relevant sub-clause.
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