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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Scientific Research Expenditure u/s 35 - Unless the expenditure ...

Case Laws     Income Tax

September 25, 2020

Scientific Research Expenditure u/s 35 - Unless the expenditure is of the capital in nature, resulting in creation of assets of enduring nature, the same cannot be disallowed under Section 37. There is no dispute that the said expenditure was incurred in the ordinary course of business. - HC

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