https://www.taxtmi.com/caselaws?id=416409 The Tribunal allowed the appeal, holding that the assessee is entitled to a deduction under Section 35AD for the expenditure incurred in establishing and operating a new Five Star Hotel. The decision emphasized a liberal interpretation of beneficial provisions to advance the legislative intent of promoting specified businesses. The Tribunal directed the AO to grant the deduction of Rs. 101,98,52,291 under Section 35AD of the Act. en-us Wed, 22 Dec 2021 00:00:00 +0530 Tue, 28 Dec 2021 08:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416409 The Tribunal allowed the appeal, holding that the assessee is entitled to a deduction under Section 35AD for the expenditure incurred in establishing and operating a new Five Star Hotel. The decision emphasized a liberal interpretation of beneficial provisions to advance the legislative intent of promoting specified businesses. The Tribunal directed the AO to grant the deduction of Rs. 101,98,52,291 under Section 35AD of the Act. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416409