https://www.taxtmi.com/caselaws?id=77611 The court ruled in favor of the appellant, a financially unsound concern, regarding the treatment of product development expenses. The Assessing Officer's disallowance of expenses under section 35D was overturned by the Income-tax Appellate Tribunal, emphasizing the genuineness of the expenditure and the need for consistency in deductions. The Tribunal found no substantial question of law, citing previous court decisions, and imposed costs on the Revenue for compliance. en-us Wed, 23 Apr 2008 00:00:00 +0530 Tue, 28 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77611 The court ruled in favor of the appellant, a financially unsound concern, regarding the treatment of product development expenses. The Assessing Officer's disallowance of expenses under section 35D was overturned by the Income-tax Appellate Tribunal, emphasizing the genuineness of the expenditure and the need for consistency in deductions. The Tribunal found no substantial question of law, citing previous court decisions, and imposed costs on the Revenue for compliance. Case-Laws Income Tax Wed, 23 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77611