https://www.taxtmi.com/caselaws?id=257601 The Tribunal allowed the assessee's appeal for the deduction of Rs. 27,97,54,476 as product development expenditure under section 35(1)(iv) and dismissed the Revenue's appeal regarding the Rs. 10,25,89,536 expenditure. The Tribunal remanded the issue of disallowance of brought forward losses and disallowance under Rule 8D read with Section 14A to the Assessing Officer for further examination and verification. en-us Wed, 31 Dec 2014 00:00:00 +0530 Mon, 16 Mar 2015 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257601 The Tribunal allowed the assessee's appeal for the deduction of Rs. 27,97,54,476 as product development expenditure under section 35(1)(iv) and dismissed the Revenue's appeal regarding the Rs. 10,25,89,536 expenditure. The Tribunal remanded the issue of disallowance of brought forward losses and disallowance under Rule 8D read with Section 14A to the Assessing Officer for further examination and verification. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257601