TMI BlogThe entire R&D activities was carried on by the assessee for the benefit of its parent company and not...The entire R&D activities was carried on by the assessee for the benefit of its parent company and not for itself - Therefore, one of the basic conditions of Section 35(1)(iv) is not fulfilled - Expenditure not allowed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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