https://www.taxtmi.com/caselaws?id=403832 The Tribunal remitted the issue back to the CIT(A) for the proper classification of R&D expenditures into revenue and capital components. The CIT(A) was directed to allow the revenue portion as a business expenditure and disallow the capital expenditure while granting appropriate depreciation. The appeals were partly allowed for statistical purposes, and the matter was sent back to the CIT(A) for fresh consideration. en-us Wed, 27 Jan 2021 00:00:00 +0530 Tue, 09 Feb 2021 10:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403832 The Tribunal remitted the issue back to the CIT(A) for the proper classification of R&D expenditures into revenue and capital components. The CIT(A) was directed to allow the revenue portion as a business expenditure and disallow the capital expenditure while granting appropriate depreciation. The appeals were partly allowed for statistical purposes, and the matter was sent back to the CIT(A) for fresh consideration. Case-Laws Income Tax Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403832