Expenses under the head research and development - deduction of ...

Tax Deduction for R&D Expenses: Genuineness Not a Criterion u/s 37(1); 50% Relief Granted by CIT(A). &D.

August 6, 2021

Case Laws Income Tax AT

Expenses under the head research and development - deduction of such expenses under the provisions of section 37(1) OR u/s 35 - the genuineness of the expenses cannot be a criteria for allowing the deduction u/s 37(1) - R & D facility was not exclusively used by the assessee for its own activities. - CIT (A) has rightly allowed the relief to the assessee to the tune of 50% of the total expenses incurred under the head research and development activities. - AT

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Expenses under the head research and development - deduction of ...

Tax Deduction for R&D Expenses: Genuineness Not a Criterion u/s 37(1); 50% Relief Granted by CIT(A). &D.

August 6, 2021

Case Laws Income Tax AT

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