https://www.taxtmi.com/caselaws?id=391425 The High Court ruled in favor of the assessee, quashing the Income Tax Appellate Tribunal's order. The court found that the allocation of R&D expenditure to the Pondicherry unit was unjustified as no products were manufactured there during the relevant year. Additionally, the court held that capital expenditure should be excluded from total R&D expenditure. The court also addressed the computation of deductions under Sections 80HHC and 80-IB, ruling in favor of the assessee pending the Supreme Court's decision on related issues. en-us Wed, 08 Jan 2020 00:00:00 +0530 Mon, 27 Jan 2020 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391425 The High Court ruled in favor of the assessee, quashing the Income Tax Appellate Tribunal's order. The court found that the allocation of R&D expenditure to the Pondicherry unit was unjustified as no products were manufactured there during the relevant year. Additionally, the court held that capital expenditure should be excluded from total R&D expenditure. The court also addressed the computation of deductions under Sections 80HHC and 80-IB, ruling in favor of the assessee pending the Supreme Court's decision on related issues. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391425