https://www.taxtmi.com/caselaws?id=2992 The High Court upheld the Tribunal's decision, ruling that the Assessing Officer's disallowance of capital expenditure claimed as research and development expenditure was improper due to failure to follow prescribed procedure. The Court emphasized the necessity of proper verification and physical inspection, dismissing the Revenue's appeal. It found no substantial question of law and declined remand to the Assessing Officer, stressing the importance of adhering to procedures and conducting thorough investigations in tax assessments. en-us Wed, 26 Sep 2007 00:00:00 +0530 Wed, 30 Jul 2008 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2992 The High Court upheld the Tribunal's decision, ruling that the Assessing Officer's disallowance of capital expenditure claimed as research and development expenditure was improper due to failure to follow prescribed procedure. The Court emphasized the necessity of proper verification and physical inspection, dismissing the Revenue's appeal. It found no substantial question of law and declined remand to the Assessing Officer, stressing the importance of adhering to procedures and conducting thorough investigations in tax assessments. Case-Laws Income Tax Wed, 26 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2992