https://www.taxtmi.com/caselaws?id=38570 The Tribunal was justified in permitting the assessee to raise a new contention regarding the assessment of income under the head "business." The fees earned by the assessee under the agreement were deemed as business income under section 28, enabling the deduction of research and development expenses. The court ordered the department to cover the costs of the reference to the assessee. en-us Wed, 08 Dec 1976 00:00:00 +0530 Wed, 07 Apr 2010 12:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38570 The Tribunal was justified in permitting the assessee to raise a new contention regarding the assessment of income under the head "business." The fees earned by the assessee under the agreement were deemed as business income under section 28, enabling the deduction of research and development expenses. The court ordered the department to cover the costs of the reference to the assessee. Case-Laws Income Tax Wed, 08 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38570