Income Tax Deduction u/s 35(1)(ii) Allowed for Scientific Research, Regardless of Business Relation or IIT Madras Approval Validity.

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....Deduction u/s.35(1)(ii) has to be allowed whether the enditure incurred towards scientific research is in connection with the Assessee's business or not. - nowhere it is expressly provided that approval of IIT, Madras for the purpose of Sec.35(1)(ii) of the Act will no longer hold good - AT....