Expenditure on scientific research u/s 35(1) - Tribunal itself ...

Tribunal Overturns Revenue Decision; Approves Deduction Claim for Scientific Research u/s 35(1) Due to Procedural Oversight.

September 11, 2012

Case Laws Income Tax HC

Expenditure on scientific research u/s 35(1) - Tribunal itself ought not to have decided this question without the opinion of the prescribed authority - the reference ought to have been sought by the revenue before the Board to the prescribed authority and not having done so, the Tribunal was justified in reversing the orders of the revenue authorities rejecting the assessee's claim for deduction. - HC

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Expenditure on scientific research u/s 35(1) - Tribunal itself ...

Tribunal Overturns Revenue Decision; Approves Deduction Claim for Scientific Research u/s 35(1) Due to Procedural Oversight.

September 11, 2012

Case Laws Income Tax HC

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