https://www.taxtmi.com/forum/issue?id=108877 Whether construction cost of a cold storage must be expensed in the profit and loss account under Section 35AD rather than capitalized as a fixed asset is the core issue; the query contrasts the tax provision allowing immediate deduction with normal accounting treatment that shows the cost as an asset on the balance sheet and asks if statutory tax allowance requires taking the full cost to P&L without balance sheet disclosure. en-us Sat, 11 Jul 2015 13:09:56 +0530 Thu, 23 Jan 2025 15:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108877 Whether construction cost of a cold storage must be expensed in the profit and loss account under Section 35AD rather than capitalized as a fixed asset is the core issue; the query contrasts the tax provision allowing immediate deduction with normal accounting treatment that shows the cost as an asset on the balance sheet and asks if statutory tax allowance requires taking the full cost to P&L without balance sheet disclosure. Discussion-Forum Income Tax Sat, 11 Jul 2015 13:09:56 +0530 https://www.taxtmi.com/forum/issue?id=108877