https://www.taxtmi.com/caselaws?id=57855 The Tribunal concluded that the assessee is entitled to claim depreciation under section 32(1) on scientific research assets in the years following the deduction under section 35. The Tribunal determined that scientific research related to the business qualifies as "used for the purpose of business" under section 32(1). It clarified that section 35's allowance of scientific research expenditure does not preclude subsequent depreciation under section 32, as the provisions operate in distinct fields. Concerns of double allowance were dismissed, emphasizing comprehensive relief for scientific research. The appeals were dismissed, affirming the allowance of depreciation. en-us Mon, 01 Oct 1979 00:00:00 +0530 Thu, 26 Oct 2023 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57855 The Tribunal concluded that the assessee is entitled to claim depreciation under section 32(1) on scientific research assets in the years following the deduction under section 35. The Tribunal determined that scientific research related to the business qualifies as "used for the purpose of business" under section 32(1). It clarified that section 35's allowance of scientific research expenditure does not preclude subsequent depreciation under section 32, as the provisions operate in distinct fields. Concerns of double allowance were dismissed, emphasizing comprehensive relief for scientific research. The appeals were dismissed, affirming the allowance of depreciation. Case-Laws Income Tax Mon, 01 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57855