https://www.taxtmi.com/caselaws?id=13262 The High Court of Punjab and Haryana clarified that allowing a deduction for scientific research under section 35 of the Income-tax Act does not affect the eligibility for deduction under section 32AB. The court upheld the lower authorities' decisions, emphasizing that profits for deduction purposes are determined without considering section 35. The judgment affirmed that the computation of profits under section 32AB remains unaffected by deductions under section 35, dismissing the appeal and confirming the correctness of previous orders. en-us Mon, 11 Dec 2006 00:00:00 +0530 Wed, 27 May 2009 17:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13262 The High Court of Punjab and Haryana clarified that allowing a deduction for scientific research under section 35 of the Income-tax Act does not affect the eligibility for deduction under section 32AB. The court upheld the lower authorities' decisions, emphasizing that profits for deduction purposes are determined without considering section 35. The judgment affirmed that the computation of profits under section 32AB remains unaffected by deductions under section 35, dismissing the appeal and confirming the correctness of previous orders. Case-Laws Income Tax Mon, 11 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13262