https://www.taxtmi.com/caselaws?id=300255 Deduction under section 35(2)(ia) for research and development machinery was denied because the assessee failed to prove a genuine purchase by reliable evidence of delivery, ownership, transport and payment. The High Court held that, where the claim depends on acquisition of machinery, the burden rests on the assessee to substantiate the transaction with credible documentary proof and supplier confirmation. As the material on record did not displace the Assessing Officer's finding that the transaction was not established, the disallowance was restored and the Revenue's appeal succeeded. en-us Fri, 01 Aug 2008 00:00:00 +0530 Wed, 19 Jan 2022 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300255 Deduction under section 35(2)(ia) for research and development machinery was denied because the assessee failed to prove a genuine purchase by reliable evidence of delivery, ownership, transport and payment. The High Court held that, where the claim depends on acquisition of machinery, the burden rests on the assessee to substantiate the transaction with credible documentary proof and supplier confirmation. As the material on record did not displace the Assessing Officer's finding that the transaction was not established, the disallowance was restored and the Revenue's appeal succeeded. Case-Laws Income Tax Fri, 01 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300255