Case Law Details
Case Name : Ciba India Pvt. Ltd. Vs ITO (ITAT Mumbai)
Related Assessment Year : 2000- 2001
Courts :
All ITAT ITAT Mumbai
Sponsored
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
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.