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2009 (1) TMI 365 - AT - Income TaxExtract: .......the capital expenditure incurred for scientific research is allowable under s. 35(1)(iv) of the IT Act. We find no infirmity in the finding of the learned CIT(A). The learned CIT(A) has rightly allowed the expenditure under s. 35(1)(iv) of the Act. 4. In the result, the appeal of the assessee is allowed while the appeal of the Revenue is dismissed.
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