https://www.taxtmi.com/caselaws?id=120604 The Tribunal allowed the appeal, overturning the disallowance of Rs. 25,42,620 for research and development expenses under section 35(1) of the Income-tax Act, recognizing the activities as scientific research and thereby allowable as revenue expenditure. Additionally, the Tribunal quashed the disallowance of Rs. 28,000 for traveling expenses, as rule 6D was not applicable during the relevant year. The Tribunal's decision reversed the orders of CIT(A), allowing both grounds raised by the assessee. en-us Mon, 25 Feb 2008 00:00:00 +0530 Thu, 21 Dec 2023 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120604 The Tribunal allowed the appeal, overturning the disallowance of Rs. 25,42,620 for research and development expenses under section 35(1) of the Income-tax Act, recognizing the activities as scientific research and thereby allowable as revenue expenditure. Additionally, the Tribunal quashed the disallowance of Rs. 28,000 for traveling expenses, as rule 6D was not applicable during the relevant year. The Tribunal's decision reversed the orders of CIT(A), allowing both grounds raised by the assessee. Case-Laws Income Tax Mon, 25 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120604