https://www.taxtmi.com/caselaws?id=256894 Weighted deduction for in-house R&D was rejected because the assessee did not prove eligible scientific research expenditure or compliance with section 35(2AB) conditions. Interest on borrowed funds was disallowed where the borrowings were parked in fixed deposits and business nexus was not shown, while FD interest was taxed under income from other sources. Provision for bad debts failed without an actual write-off, ROC fee for authorised capital was held capital in nature, gratuity under the LIC scheme was disallowed, and prior period expenses were denied for lack of crystallisation in the relevant year. Relief was granted only on housing-loan interest subsidy as a business expenditure. en-us Fri, 06 Feb 2015 00:00:00 +0530 Wed, 25 Feb 2015 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256894 Weighted deduction for in-house R&D was rejected because the assessee did not prove eligible scientific research expenditure or compliance with section 35(2AB) conditions. Interest on borrowed funds was disallowed where the borrowings were parked in fixed deposits and business nexus was not shown, while FD interest was taxed under income from other sources. Provision for bad debts failed without an actual write-off, ROC fee for authorised capital was held capital in nature, gratuity under the LIC scheme was disallowed, and prior period expenses were denied for lack of crystallisation in the relevant year. Relief was granted only on housing-loan interest subsidy as a business expenditure. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256894