https://www.taxtmi.com/caselaws?id=354499 The Tribunal upheld the decision of the Commissioner of Income-tax, confirming the assessment order determining the total income of the assessee at Rs. 92,04,200 against the returned income of Nil. The assessee's claim for exemption under section 35(1)(ii) of the Income Tax Act was rejected by the CBDT due to insufficient scientific research activity, leading to the dismissal of the appeal. The Tribunal relied on the High Court's precedent, affirming the authority of the CBDT in such cases, ultimately upholding the rejection of the assessee's claim for exemption. en-us Wed, 24 Jan 2018 00:00:00 +0530 Tue, 30 Jan 2018 11:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354499 The Tribunal upheld the decision of the Commissioner of Income-tax, confirming the assessment order determining the total income of the assessee at Rs. 92,04,200 against the returned income of Nil. The assessee's claim for exemption under section 35(1)(ii) of the Income Tax Act was rejected by the CBDT due to insufficient scientific research activity, leading to the dismissal of the appeal. The Tribunal relied on the High Court's precedent, affirming the authority of the CBDT in such cases, ultimately upholding the rejection of the assessee's claim for exemption. Case-Laws Income Tax Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354499