TMI BlogDisallowance of expenses of Research & Development - this is a new line of business, which was to be...Disallowance of expenses of Research & Development - this is a new line of business, which was to be started. - this was on- going process and these expenses are for earning of future income - no deduction u/s 37(1) - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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