https://www.taxtmi.com/caselaws?id=441988 The High Court upheld the Tribunal's decision in a tax case, allowing the deduction for capital expenditure on scientific equipment under Section 35 of the Income Tax Act. The disallowance under Section 40(a)(i) was deleted as no evidence showed the commission paid to a non-resident agent accrued in India. The disallowance based on Annual Information Return was also deleted as proper verification was not conducted. The classification of electrical fittings and computer peripherals for depreciation purposes was upheld. The High Court dismissed the appeal, finding no substantial legal question and affirming the Tribunal's decision on all issues. en-us Tue, 01 Aug 2023 00:00:00 +0530 Mon, 21 Aug 2023 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441988 The High Court upheld the Tribunal's decision in a tax case, allowing the deduction for capital expenditure on scientific equipment under Section 35 of the Income Tax Act. The disallowance under Section 40(a)(i) was deleted as no evidence showed the commission paid to a non-resident agent accrued in India. The disallowance based on Annual Information Return was also deleted as proper verification was not conducted. The classification of electrical fittings and computer peripherals for depreciation purposes was upheld. The High Court dismissed the appeal, finding no substantial legal question and affirming the Tribunal's decision on all issues. Case-Laws Income Tax Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441988