https://www.taxtmi.com/caselaws?id=248534 The Tribunal allowed the Assessee's appeals against CIT(A) orders for assessment years 2006-07, 2007-08 & 2008-09. The case centered on the admissibility of expenses claimed for research-related activities under an agreement with Eisai Co., Ltd., Japan. The Tribunal found that the expenses were not inadmissible as the Assessee was providing services under the agreement, indicating a potential link between the expenses and income received. It remanded the matter to the Assessing Officer for verification, emphasizing the necessity of establishing a direct nexus between expenses claimed and income received. en-us Fri, 30 May 2014 00:00:00 +0530 Fri, 05 Aug 2022 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248534 The Tribunal allowed the Assessee's appeals against CIT(A) orders for assessment years 2006-07, 2007-08 & 2008-09. The case centered on the admissibility of expenses claimed for research-related activities under an agreement with Eisai Co., Ltd., Japan. The Tribunal found that the expenses were not inadmissible as the Assessee was providing services under the agreement, indicating a potential link between the expenses and income received. It remanded the matter to the Assessing Officer for verification, emphasizing the necessity of establishing a direct nexus between expenses claimed and income received. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248534