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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Disallowance of research & development expense - disallowance ...


Research Expenses Under Income Tax Act Sections 35 & 37 Cannot Be Denied Just Because Results Weren't Shown in Assessed Year.

November 11, 2016

Case Laws     Income Tax     AT

Disallowance of research & development expense - disallowance u/s 35 & 37 - the disallowance cannot be made only on the ground that results of the research were not shown by the assessee during the year under consideration. - AT

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