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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

The molecules when successfully developed will yield patent ...


Patent Rights Granted to Inventor; Scientific Research Costs Eligible for Deduction u/s 35 of Income Tax Act.

December 9, 2014

Case Laws     Income Tax     AT

The molecules when successfully developed will yield patent rights to the assessee - the assessee will be inventor of such product and, therefore, the expenditure is for scientific research and eligible for deduction u/s. 35 of the Act - AT

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