https://www.taxtmi.com/caselaws?id=310148 The Appellate Tribunal in Kolkata allowed both appeals of the assessee on 5th July 2023. The Tribunal held that the assessee was eligible for deduction under section 35AD of the Income Tax Act without any condition regarding the commencement of the business, remanding the case back to the Assessing Officer for further proceedings. The disallowance made by the lower authorities was deleted based on the Tribunal's interpretation of the provisions of Section 35AD, following a decision by the Coordinate Bench and the Chandigarh Bench. en-us Wed, 05 Jul 2023 00:00:00 +0530 Mon, 09 Oct 2023 12:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310148 The Appellate Tribunal in Kolkata allowed both appeals of the assessee on 5th July 2023. The Tribunal held that the assessee was eligible for deduction under section 35AD of the Income Tax Act without any condition regarding the commencement of the business, remanding the case back to the Assessing Officer for further proceedings. The disallowance made by the lower authorities was deleted based on the Tribunal's interpretation of the provisions of Section 35AD, following a decision by the Coordinate Bench and the Chandigarh Bench. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310148