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2005 (7) TMI 50 - ALLAHABAD HIGH COURTExpenditure incurred on scientific research and development - "1. Whether, Tribunal was justified in allowing the claim of deduction being expenditure incurred on scientific research and development? 2. Whether Tribunal was legally justified in upholding the order of the learned CIT (Appeals) directing the Assessing Officer to allow claim of Rs. 25,43,025 being interest on Government loan which was correctly disallowed by the Assessing Officer? 3. Whether Tribunal was legally justified in holding that the expenses relating to earlier years claimed during the year under consideration was liable to be considered in the assessment year 1986-87 which was rightly disallowed by the Assessing Officer for the year under consideration, i.e., the assessment year 1985-86 in the circumstances of the case?" - we answer all the questions referred to us in the affirmative, i.e., in favour of the assessee and against the Revenue
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