Order of Tribunal for earlier year is followed the matter regarding claim of expenditure under section 35(1)(iv) was remitted back to the Assessing Officer for proper verification of the expenses incurred on intangibles and accounted under capital work-in-progress on which no depreciation had been claimed later on. (AY.2012-13)
Intas Pharmaceuticals Ltd. v. ACIT (2024)114 ITR 546 (Ahd)(Trib)
S. 37(1) : Business expenditure-Capital expenditure of intangible nature accounted as capital work-in-progress-Matter remanded for verification. [S. 32]
Leave a Reply