https://www.taxtmi.com/caselaws?id=32343 The High Court upheld the Tribunal's decision allowing deduction under section 80-IA for a new plant, emphasizing the distinctiveness of the plant from existing industry. The disallowance of R & D cess payment was also upheld, as it satisfied statutory conditions. The deduction under section 35AB for technical know-how fees was allowed for business purposes. Disallowance of cash payments exceeding Rs. 20,000 was held to apply to individual payments. Expenditure related to scrapped projects was allowed as business expenditure. The case was remanded for fresh consideration on the section 80-IA issue after a directed inspection. en-us Tue, 03 Jun 2008 00:00:00 +0530 Fri, 06 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32343 The High Court upheld the Tribunal's decision allowing deduction under section 80-IA for a new plant, emphasizing the distinctiveness of the plant from existing industry. The disallowance of R & D cess payment was also upheld, as it satisfied statutory conditions. The deduction under section 35AB for technical know-how fees was allowed for business purposes. Disallowance of cash payments exceeding Rs. 20,000 was held to apply to individual payments. Expenditure related to scrapped projects was allowed as business expenditure. The case was remanded for fresh consideration on the section 80-IA issue after a directed inspection. Case-Laws Income Tax Tue, 03 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32343