Research expenditure deduction extended to most manufacturing businesses, excluding Eleventh Schedule items, broadening eligibility for enhanced R&D relief. Amendment expands the enhanced deduction for qualifying in house scientific research expenditure by replacing a specified inclusion list of manufacturing activities with a rule extending the deduction to any business of manufacture or production of any article or thing, except those articles or things listed in the Eleventh Schedule, while retaining the requirement that expenditure (other than on land and building) be incurred on an in house R&D facility approved by the prescribed authority.
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Provisions expressly mentioned in the judgment/order text.
Research expenditure deduction extended to most manufacturing businesses, excluding Eleventh Schedule items, broadening eligibility for enhanced R&D relief.
Amendment expands the enhanced deduction for qualifying in house scientific research expenditure by replacing a specified inclusion list of manufacturing activities with a rule extending the deduction to any business of manufacture or production of any article or thing, except those articles or things listed in the Eleventh Schedule, while retaining the requirement that expenditure (other than on land and building) be incurred on an in house R&D facility approved by the prescribed authority.
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