https://www.taxtmi.com/caselaws?id=273754 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It upheld the deletion of the addition made under Section 35 for the purchase of plant and machinery, finding the purchases genuine and supported by valid documentation. Additionally, it reversed the disallowance of the software purchase for R&D purposes, noting that the assessee provided sufficient evidence, including invoices and confirmation from the supplier. The Tribunal concluded that the AO and CIT(A) erred in disallowing the software purchase, ultimately ruling in favor of the assessee. en-us Wed, 13 Apr 2016 00:00:00 +0530 Fri, 13 Jul 2018 06:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273754 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It upheld the deletion of the addition made under Section 35 for the purchase of plant and machinery, finding the purchases genuine and supported by valid documentation. Additionally, it reversed the disallowance of the software purchase for R&D purposes, noting that the assessee provided sufficient evidence, including invoices and confirmation from the supplier. The Tribunal concluded that the AO and CIT(A) erred in disallowing the software purchase, ultimately ruling in favor of the assessee. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273754