https://www.taxtmi.com/caselaws?id=63295 The appeal was partly allowed. The Tribunal ruled in favor of the assessee on the issues of disallowance under Section 35(1)(iv) for research and development assets and the investment allowance on account of foreign exchange fluctuations. Additionally, the Tribunal allowed the deduction under Section 80HHC for the rebate of duty on material imported against advance license. The grounds related to expenditure on gifts and presents and sales promotion expenses were dismissed as they were not pressed by the assessee. en-us Wed, 29 Jun 2005 00:00:00 +0530 Wed, 18 Jul 2012 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63295 The appeal was partly allowed. The Tribunal ruled in favor of the assessee on the issues of disallowance under Section 35(1)(iv) for research and development assets and the investment allowance on account of foreign exchange fluctuations. Additionally, the Tribunal allowed the deduction under Section 80HHC for the rebate of duty on material imported against advance license. The grounds related to expenditure on gifts and presents and sales promotion expenses were dismissed as they were not pressed by the assessee. Case-Laws Income Tax Wed, 29 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63295