https://www.taxtmi.com/caselaws?id=431102 The Tribunal allowed the assessee's appeal for AY 2014-15 regarding disallowance of expenses related to Bio-technology R & D, citing the expenses as allowable business deductions under Sec. 37(1). For AY 2015-16, the Tribunal directed a fresh adjudication on interest disallowance u/s 36(1)(iii) related to interest-free loans. The deletion of addition made u/s 2(22)(e) for AY 2014-15 was upheld, dismissing the revenue's appeal. The order was pronounced on 18th November 2022. en-us Fri, 18 Nov 2022 00:00:00 +0530 Mon, 05 Dec 2022 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431102 The Tribunal allowed the assessee's appeal for AY 2014-15 regarding disallowance of expenses related to Bio-technology R & D, citing the expenses as allowable business deductions under Sec. 37(1). For AY 2015-16, the Tribunal directed a fresh adjudication on interest disallowance u/s 36(1)(iii) related to interest-free loans. The deletion of addition made u/s 2(22)(e) for AY 2014-15 was upheld, dismissing the revenue's appeal. The order was pronounced on 18th November 2022. Case-Laws Income Tax Fri, 18 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431102