Allowabilty of Scientific Research Expenditure ::


Last updated: 07 September 2007

Court :
Tribunal

Brief :
Held that it is not mandatory under provisions of section 35(1)(iv) that plant and machinery purchased must be put to use. It is enough that the expenditure is incurred on purchase of plant and machinery to be used in research work. Hence, A.O. is not justified in disallowing deduction to the assessee.

Citation :
D.C.I.T. Vs. Metallizing Equipment Co. (P.) Ltd.

You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
 
Join CCI Pro


Comments

CAclubindia's WhatsApp Groups Link


Other Latest Judgments

View More Judgments »



CCI Pro

Trending Online Classes

view all classess

Browse by Category