Tag Archives: section 35

No disallowance of Expenses because benefit of research were not shown

By | November 7, 2016

Held The disallowance cannot be made only on the ground that results of the research were not shown by the assessee during the year under consideration. The benefit of research may or may not yield in the year under consideration. But, that would not determine allowability of the expenses or otherwise. Thus, taking into account… Read More »

scientific Research expenditure can not be deferred

By | August 21, 2015

scientific Research expenditure can not be deferred Q  Whether  scientific Research expenditure can be deferred and claimed as deferred revenue expenditure over the succeeding years? There is no provision under section 35 which provides for allowance of deferred research expenses u/s 35 expenditure Facts of the Case Section 35 of the Income-tax Act, 1961 Issue… Read More »