Scientific Research Expenses Allowed u/s 35, Not Disallowed by Section 37 Unless Creating Enduring Assets.

Scientific Research Expenses Allowed u/s 35, Not Disallowed by Section 37 Unless Creating Enduring Assets. https://www.taxtmi.com/highlights?id=54914 Scientific Research Expenditure u/s 35 - Unless the expenditure is of the capital in nature, resulting in creation of assets of enduring nature, the same cannot be disallowed under Section 37. There is no dispute that the said expenditure was incurred in the ordinary course of business. - HC en-us Fri, 25 Sep 2020 09:52:49 +0530 Fri, 25 Sep 2020 09:52:49 +0530 TaxTMI RSS Generator Scientific Research Expenses Allowed u/s 35, Not Disallowed by Section 37 Unless Creating Enduring Assets. https://www.taxtmi.com/highlights?id=54914 Scientific Research Expenditure u/s 35 - Unless the expenditure is of the capital in nature, resulting in creation of assets of enduring nature, the same cannot be disallowed under Section 37. There is no dispute that the said expenditure was incurred in the ordinary course of business. - HC Highlights Income Tax Fri, 25 Sep 2020 09:52:49 +0530 https://www.taxtmi.com/highlights?id=54914