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            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.

            <h1>Deduction for specified business capital expenditure: full-year deduction allowed subject to eligibility, ownership, and cash-payment compliance.</h1> Section 35AD allows full deduction of capital and revenue expenditure incurred wholly and exclusively for specified businesses in the year of incurrence, subject to specified lists, commencement and ownership conditions, exclusion of land and goodwill, and restrictions on old imported plant and machinery. Capital expenditure allowed under this provision is not eligible for depreciation. Losses are ring-fenced to specified businesses and carried forward indefinitely. Sale or insurance proceeds of assets for which deduction was claimed are taxable as business income, and cash payments exceeding the prescribed daily threshold are disallowed unless made through banking or prescribed electronic modes.

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