https://www.taxtmi.com/caselaws?id=386045 The Revenue's appeal challenging the disallowance of scientific expenditure on research and development was dismissed by the Tribunal. The CIT(A)'s decision to allow depreciation on intangible assets and reduce the disallowance of sundry creditors was upheld. The disallowance under Rule 8D for expenses to earn exempted income was partially deleted. The disallowance of cash discounts to customers and notional interest on interest-free advances was also overturned. Additionally, the disallowance under Section 194H for failure to deduct TDS on payments to seed growers was deleted. The disallowance of deduction for scientific research expenditure was also overturned. en-us Wed, 18 Sep 2019 00:00:00 +0530 Fri, 20 Sep 2019 15:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386045 The Revenue's appeal challenging the disallowance of scientific expenditure on research and development was dismissed by the Tribunal. The CIT(A)'s decision to allow depreciation on intangible assets and reduce the disallowance of sundry creditors was upheld. The disallowance under Rule 8D for expenses to earn exempted income was partially deleted. The disallowance of cash discounts to customers and notional interest on interest-free advances was also overturned. Additionally, the disallowance under Section 194H for failure to deduct TDS on payments to seed growers was deleted. The disallowance of deduction for scientific research expenditure was also overturned. Case-Laws Income Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386045