https://www.taxtmi.com/caselaws?id=29012 The High Court ruled in favor of the assessee, allowing the deduction of research expenses related to pulping of bamboo and conversion into yarn, conducted by a third party on behalf of the assessee. The Court held that the research did not have to be directly related to the assessee's current business activities, as long as it was for or on behalf of the assessee. The High Court directed the Commissioner to pay the costs of the reference to the assessee, affirming the Tribunal's decision in granting the deduction under section 35(1)(i) of the Income Tax Act, 1961. en-us Fri, 28 Aug 1981 00:00:00 +0530 Wed, 10 Mar 2010 11:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29012 The High Court ruled in favor of the assessee, allowing the deduction of research expenses related to pulping of bamboo and conversion into yarn, conducted by a third party on behalf of the assessee. The Court held that the research did not have to be directly related to the assessee's current business activities, as long as it was for or on behalf of the assessee. The High Court directed the Commissioner to pay the costs of the reference to the assessee, affirming the Tribunal's decision in granting the deduction under section 35(1)(i) of the Income Tax Act, 1961. Case-Laws Income Tax Fri, 28 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29012