https://www.taxtmi.com/caselaws?id=11727 The High Court ruled in favor of the assessee, holding that they are entitled to the deduction under section 35 of the Income-tax Act, 1961, for capital expenditure on a building intended for scientific research, even if the building was under construction and not yet put to use during the relevant assessment years. The court emphasized that the deduction is based on incurring expenditure for research purposes, not on the actual use of the asset, and that the legislative intent of the provision is to incentivize research and development activities. en-us Wed, 02 Jul 2003 00:00:00 +0530 Sat, 06 Feb 2010 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11727 The High Court ruled in favor of the assessee, holding that they are entitled to the deduction under section 35 of the Income-tax Act, 1961, for capital expenditure on a building intended for scientific research, even if the building was under construction and not yet put to use during the relevant assessment years. The court emphasized that the deduction is based on incurring expenditure for research purposes, not on the actual use of the asset, and that the legislative intent of the provision is to incentivize research and development activities. Case-Laws Income Tax Wed, 02 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11727