https://www.taxtmi.com/caselaws?id=166939 The appeal by Revenue against CIT(A) order for assessment year 2001-02 regarding deduction u/s 35(1)(iv) of the Income Tax Act was dismissed. The Tribunal found that the withdrawal statement by the Chairman was specific to certain group companies and not applicable to the assessee, who provided evidence of expenditure on scientific research. The Tribunal upheld the CIT(A)'s decision in favor of the assessee, noting the continuous research and development required for the nature of their business and previous acceptance of similar claims in past assessments. The order was pronounced on 14.10.2011. en-us Fri, 14 Oct 2011 00:00:00 +0530 Fri, 14 Nov 2014 18:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166939 The appeal by Revenue against CIT(A) order for assessment year 2001-02 regarding deduction u/s 35(1)(iv) of the Income Tax Act was dismissed. The Tribunal found that the withdrawal statement by the Chairman was specific to certain group companies and not applicable to the assessee, who provided evidence of expenditure on scientific research. The Tribunal upheld the CIT(A)'s decision in favor of the assessee, noting the continuous research and development required for the nature of their business and previous acceptance of similar claims in past assessments. The order was pronounced on 14.10.2011. Case-Laws Income Tax Fri, 14 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166939