https://www.taxtmi.com/caselaws?id=466241 While addressing disallowance for expenses relating to exempt income, the tribunal held that only investments that actually yielded exempt income in the relevant year must be considered when applying the allocation rule, and directed recomputation accordingly. On research expenditure, the tribunal followed earlier co-ordinate-bench decisions permitting weighted deduction for scientific research irrespective of the quantum stated in the DSIR certificate and upheld deletion of addition. The tribunal also upheld deletion of 50% disallowance of commission expenses and deletion of club expense disallowance, applying parity with prior favorable findings for the assessee. en-us Fri, 28 Feb 2025 00:00:00 +0530 Fri, 30 Jan 2026 19:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466241 While addressing disallowance for expenses relating to exempt income, the tribunal held that only investments that actually yielded exempt income in the relevant year must be considered when applying the allocation rule, and directed recomputation accordingly. On research expenditure, the tribunal followed earlier co-ordinate-bench decisions permitting weighted deduction for scientific research irrespective of the quantum stated in the DSIR certificate and upheld deletion of addition. The tribunal also upheld deletion of 50% disallowance of commission expenses and deletion of club expense disallowance, applying parity with prior favorable findings for the assessee. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466241