The entire R&D activities was carried on by the assessee for the ...

R&D Expenses Denied Deduction: Activities Benefited Parent Company, Violating Section 35(1)(iv) Conditions of Income Tax Act. &D.

October 9, 2017

Case Laws Income Tax AT

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

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The entire R&D activities was carried on by the assessee for the ...

R&D Expenses Denied Deduction: Activities Benefited Parent Company, Violating Section 35(1)(iv) Conditions of Income Tax Act. &D.

October 9, 2017

Case Laws Income Tax AT

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