https://www.taxtmi.com/caselaws?id=361119 The Tribunal allowed the assessee's appeal, directing the AO to allow the deduction under Section 35(1)(iv) for expenses incurred on tangible assets for research and development purposes. The disallowance under Rule 8D(2)(ii) was deleted as the assessee had sufficient interest-free funds to cover investments, while the disallowance under Rule 8D(2)(iii) was upheld due to reasonable grounds considering the exempt dividend income earned. en-us Fri, 20 Apr 2018 00:00:00 +0530 Wed, 30 May 2018 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361119 The Tribunal allowed the assessee's appeal, directing the AO to allow the deduction under Section 35(1)(iv) for expenses incurred on tangible assets for research and development purposes. The disallowance under Rule 8D(2)(ii) was deleted as the assessee had sufficient interest-free funds to cover investments, while the disallowance under Rule 8D(2)(iii) was upheld due to reasonable grounds considering the exempt dividend income earned. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361119