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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Deduction u/s.35(1)(ii) has to be allowed whether the enditure ...

Case Laws     Income Tax

October 28, 2015

Deduction u/s.35(1)(ii) has to be allowed whether the enditure incurred towards scientific research is in connection with the Assessee's business or not. - nowhere it is expressly provided that approval of IIT, Madras for the purpose of Sec.35(1)(ii) of the Act will no longer hold good - AT

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