https://www.taxtmi.com/caselaws?id=9551 The High Court affirmed the deduction of expenditure on scientific research and development and allowed the claimed interest on Government loans, despite the absence of entries in the books of account. The Court ruled in favor of the assessee, directing the consideration of expenses relating to earlier years in the subsequent assessment year. All issues were decided in favor of the assessee against the Revenue, with no order as to costs. en-us Wed, 27 Jul 2005 00:00:00 +0530 Sat, 27 Jun 2009 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9551 The High Court affirmed the deduction of expenditure on scientific research and development and allowed the claimed interest on Government loans, despite the absence of entries in the books of account. The Court ruled in favor of the assessee, directing the consideration of expenses relating to earlier years in the subsequent assessment year. All issues were decided in favor of the assessee against the Revenue, with no order as to costs. Case-Laws Income Tax Wed, 27 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9551