Benefit of Section 35D once granted in initial year cannot be denied in Subsequent Years, rules ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) ruled that the benefit of Section 35D of the Income Tax Act once granted in the initial year cannot be denied in subsequent years on an appeal against  Asian Hotels East Limited. The Asian Hotels Limited (AHL) operated three separate and independent undertakings. Pursuant to a scheme […]

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