https://www.taxtmi.com/caselaws?id=194978 The case involved the allowability of deduction under section 35(1) of the Income-tax Act for product development expenditure related to scientific research. The Assessing Officer disallowed the expenditure as capital, but the CIT(A) ruled in favor of the assessee, stating the expenditure was revenue expenditure and allowable under section 35(1)(i). The Revenue appealed, arguing the expenditure was capital and for commercial production, not scientific research. The Tribunal agreed with the Revenue, holding the expenditure was for setting up facilities for commercial production, not scientific research, and should be treated as capital expenditure. The Revenue's appeals were allowed. en-us Wed, 31 Jul 2013 00:00:00 +0530 Mon, 09 Oct 2017 18:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194978 The case involved the allowability of deduction under section 35(1) of the Income-tax Act for product development expenditure related to scientific research. The Assessing Officer disallowed the expenditure as capital, but the CIT(A) ruled in favor of the assessee, stating the expenditure was revenue expenditure and allowable under section 35(1)(i). The Revenue appealed, arguing the expenditure was capital and for commercial production, not scientific research. The Tribunal agreed with the Revenue, holding the expenditure was for setting up facilities for commercial production, not scientific research, and should be treated as capital expenditure. The Revenue's appeals were allowed. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194978