https://www.taxtmi.com/caselaws?id=9548 The High Court ruled in favor of the assessee on all three issues. It allowed deductions for expenditure on scientific research and development and interest on Government loans. The Court also suggested considering expenses relating to earlier years in a subsequent assessment year. en-us Wed, 27 Jul 2005 00:00:00 +0530 Sat, 27 Jun 2009 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9548 The High Court ruled in favor of the assessee on all three issues. It allowed deductions for expenditure on scientific research and development and interest on Government loans. The Court also suggested considering expenses relating to earlier years in a subsequent assessment year. Case-Laws Income Tax Wed, 27 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9548