Court Rules on Deduction Entitlement Under IT Act Section 35(1) for 20-Year-Old Expenses, Eases Record-Keeping Burden.

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....Entitlement for deduction u/s 35(1) – more than 20 years have passed since the assessee incurred the expenditure. Expecting the assessee to now produce minute details of the research activity undertaken would be unreasonable - HC....