https://www.taxtmi.com/caselaws?id=241754 The Court ruled in favor of the assessee, allowing the deduction under Section 35(1)(iv) for expenses incurred in scientific research related to the business. The judgment emphasized that even if the expenditure was capital in nature, if it pertained to scientific research for business extension, it qualified for deduction. The decision highlighted the importance of distinguishing between capital expenditure and scientific research expenses eligible for deduction under the Income Tax Act. en-us Wed, 30 Oct 2013 00:00:00 +0530 Tue, 31 Dec 2013 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241754 The Court ruled in favor of the assessee, allowing the deduction under Section 35(1)(iv) for expenses incurred in scientific research related to the business. The judgment emphasized that even if the expenditure was capital in nature, if it pertained to scientific research for business extension, it qualified for deduction. The decision highlighted the importance of distinguishing between capital expenditure and scientific research expenses eligible for deduction under the Income Tax Act. Case-Laws Income Tax Wed, 30 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241754