https://www.taxtmi.com/caselaws?id=21940 The Court held that the payment made to the National Chemical Laboratory for research was not deductible under section 37(1) but could be considered under section 35. The Court emphasized that if an expenditure does not fall under specified sections, it can be considered under section 37. The Court ruled in favor of the assessee, allowing further consideration by the Tribunal. Regarding the deduction of gratuity liability under section 40A(7), the Court decided in favor of the Revenue, citing a previous Supreme Court decision. No costs were awarded in this judgment. en-us Fri, 26 Apr 1991 00:00:00 +0530 Fri, 04 Dec 2009 13:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21940 The Court held that the payment made to the National Chemical Laboratory for research was not deductible under section 37(1) but could be considered under section 35. The Court emphasized that if an expenditure does not fall under specified sections, it can be considered under section 37. The Court ruled in favor of the assessee, allowing further consideration by the Tribunal. Regarding the deduction of gratuity liability under section 40A(7), the Court decided in favor of the Revenue, citing a previous Supreme Court decision. No costs were awarded in this judgment. Case-Laws Income Tax Fri, 26 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21940