ITAT: Expenditure on tangible assets for inhouse R&D facility deductible, exclusion u/s 43(4)(ii) inapplicable


Conclusion

Bangalore ITAT allows assessee-company’s claim of deduction u/s 35(1)(iv) r.w.s 35(2)(ia) for AY 2008-09 towards purchase of tangible assets for its in-house R&D facility, re...

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