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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Unapproved revenue expenditure if not allowable u/s 35(2AB) of ...


Revenue Expenditure Without DSIR Approval May Qualify for Deduction u/ss 35(1)(i) and 37(1.

September 16, 2014

Case Laws     Income Tax     AT

Unapproved revenue expenditure if not allowable u/s 35(2AB) of the Act, in absence of approval from DSIR, certainly can be allowed as deduction u/s 35(1)(i) and 37(1) of the Act as the case may be - AT

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