https://www.taxtmi.com/caselaws?id=70068 The Appellate Tribunal ITAT MADRAS-C dismissed the public limited company's appeal and allowed the department's appeal in a case concerning the claim of expenditure under section 35(2)(ia) of the Income-tax Act for scientific research related to business. The Tribunal held that the company's activities did not meet the criteria for scientific research as defined under the Act, emphasizing the need for evidence supporting the claim. The decision clarified the distinction between business operations and scientific research for tax deduction purposes, setting a precedent for evaluating expenditure claims related to scientific research in the business context. en-us Fri, 28 Feb 1986 00:00:00 +0530 Thu, 14 Apr 2011 11:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70068 The Appellate Tribunal ITAT MADRAS-C dismissed the public limited company's appeal and allowed the department's appeal in a case concerning the claim of expenditure under section 35(2)(ia) of the Income-tax Act for scientific research related to business. The Tribunal held that the company's activities did not meet the criteria for scientific research as defined under the Act, emphasizing the need for evidence supporting the claim. The decision clarified the distinction between business operations and scientific research for tax deduction purposes, setting a precedent for evaluating expenditure claims related to scientific research in the business context. Case-Laws Income Tax Fri, 28 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70068