Sec 35(2AB) of Income Tax Act

Rahul (Article) (96 Points)

02 October 2023  
In the case of a company engaged in Biotechnology/ Manufacturing, if the company opts for sec 35(2AB), can it claim deduction of Building as an expenditure u/s 35(1)(iv) or will it have to entirely comply with Sec 35(2AB) and resultantly,forgo the capital expenditure of Building as provided there under? Thank you.