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Case Law Details

Case Name : Ciba India Pvt. Ltd. Vs ITO (ITAT Mumbai)
Related Assessment Year : 2000- 2001
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RELEVANT PARAGRAPH

9. The plain reading of the above clause (iv) of 35(1) reveals that the deduction shall be admissible u/s 35(2) when any expenditure is capital in nature; Such capital expenditure is incurred on the scientific research; that scientific research must be related to the business; and that business must have been carried on by the assessee. Further, said clause presumes that there exist two distinct activities with the assessee s

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