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Case lawITAT › ACIT v River View Hotels — s.35AD is not lost because the star classification came after the year of commencement
ITATHelps taxpayerValidity unconfirmeds.35ADs.35AD(8)

ACIT v River View Hotels — s.35AD is not lost because the star classification came after the year of commencement

My hotel started operating in the year and I claimed the s.35AD deduction, but the three-star certificate was issued two years later. The Assessing Officer has withdrawn the deduction. Can he?

My hotel started operating in the year and I claimed the s.35AD deduction, but the three-star certificate was issued two years later. The Assessing Officer has withdrawn the deduction. Can he?

No, on this decision. The Ahmedabad Bench held that clause (iv)(c) of s.35AD(8) requires the building and operating of a hotel of two-star or above category as classified by the Central Government, and prescribes no time limit for obtaining the star classification certificate. Where the assessee applied in due time, the department inspected and the certificate was issued, the deduction on the capital expenditure could not be withdrawn and the Revenue's appeal was dismissed.

Decided by the ITAT (Shri N.K. Billaiya, Accountant Member and Ms. Madhumita Roy, Judicial Member) on 2018-06-06, reported as ITA No. 1799/Ahd/2016 (ITAT Ahmedabad 'D' Bench); assessment year 2012-13. It bears on section 35AD, section 35AD(8) of the Income Tax Act 1961, in Deductions & Disallowances and Assessment & Scrutiny matters.

Validity check could not be completed. Later treatment was not checked and it was not established whether the Revenue took the matter further. The clause construed is clause (iv)(c) of s.35AD(8) as it stood for AY 2012-13; the sub-clause lettering of s.35AD(8) has been amended more than once and should be checked against the section as it stands for the year in issue.

Why it matters

Section 35AD gives a deduction for the whole of the capital expenditure of a specified business in the year of commencement, including expenditure incurred before commencement and capitalised on that date, so the amounts are large and the Assessing Officer looks hard for a condition to fail. The classification timing is the commonest one for a hotel, and the answer is that the statute imposes no deadline; what matters is that the hotel built and operated is of the qualifying category. Keep the rest of the section in view when advising: no deduction under any other section is available for the same expenditure by reason of s.35AD(4); a loss of a specified business can be set off only against the profits of another specified business under s.73A, which is why a s.35AD claim in an early year usually produces a loss that cannot be absorbed against other income; and s.35AD(7A) claws the deduction back as business income if the asset is put to a use other than the specified business within eight years.

Binding on the AO and CIT(A) within the Tribunal's jurisdiction. Persuasive elsewhere.

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