Revision u/s 263 - Pr. CIT directed to make ...

Pr. CIT's Section 263 revision on R&D expenses and royalty income deemed unsustainable; Tribunal favors taxpayer.

June 27, 2019

Case Laws Income Tax AT

Revision u/s 263 - Pr. CIT directed to make addition/disallowance in respect of expenditure incurred towards R&D u/s 35(2AB); Capital R&D expense allocated to Sun Pharmaceuticals Industries and re-characterization of remuneration earned from partnership firm (SPI) as royalty income - similar disallowances were already subject matter of appeals before Tribunal in earlier years in favour of assessee - revision order is not sustainable

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Revision u/s 263 - Pr. CIT directed to make ...

Pr. CIT's Section 263 revision on R&D expenses and royalty income deemed unsustainable; Tribunal favors taxpayer.

June 27, 2019

Case Laws Income Tax AT

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