https://www.taxtmi.com/caselaws?id=352137 The appeals for both assessment years were partly allowed for statistical purposes. The High Court's decision for AY 2005-06, determining the appellant was not engaged in core R&D, was crucial. Working capital adjustment was remanded for verification. For AY 2007-08, some grounds were not pressed, with similar issues as AY 2006-07, resulting in a comparable outcome. The order stressed proper evaluation of appellant's submissions and adherence to natural justice principles. en-us Fri, 03 Nov 2017 00:00:00 +0530 Fri, 08 Dec 2017 09:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352137 The appeals for both assessment years were partly allowed for statistical purposes. The High Court's decision for AY 2005-06, determining the appellant was not engaged in core R&D, was crucial. Working capital adjustment was remanded for verification. For AY 2007-08, some grounds were not pressed, with similar issues as AY 2006-07, resulting in a comparable outcome. The order stressed proper evaluation of appellant's submissions and adherence to natural justice principles. Case-Laws Income Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352137