https://www.taxtmi.com/caselaws?id=283804 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision in favor of the assessee regarding entitlement for deduction under section 35AD(5)(aa) of the Income Tax Act. The ITAT emphasized the need to fulfill specified conditions and obtain necessary approvals and licenses for claiming deductions under the Act, ultimately concluding that the assessee was entitled to the deduction for building and operating a three-star hotel as per the provisions of the Act. en-us Thu, 28 Feb 2019 00:00:00 +0530 Mon, 14 Oct 2019 09:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283804 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision in favor of the assessee regarding entitlement for deduction under section 35AD(5)(aa) of the Income Tax Act. The ITAT emphasized the need to fulfill specified conditions and obtain necessary approvals and licenses for claiming deductions under the Act, ultimately concluding that the assessee was entitled to the deduction for building and operating a three-star hotel as per the provisions of the Act. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283804