R&D expenditure has to be apportioned between agricultural and non-agricultural activities and portion attributable to non-agricultural activities is to be allowed as deduction in computing taxable income

DECIDED BY: ITAT HYDERABAD BENCH ` B ‘, HYDERABAD , IN THE CASE OF: DCIT Vs. Vibha Agrotech Ltd., APPEAL NO: ITA No. 469/H/2008, DECIDED ON June 18, 2010

ORDER

Per : Chandra Poojari, Accountant Member

These six appeals are cross appeals directed against the different orders of the CIT(A)-IV for the assessment year years 2002-03, 2004-05 and 2005-06.

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