Delay in DSIR Approval Cannot Bar Section 35(1)(iv) Capital Expenditure Deduction for R&D Building
Delay in DSIR Approval Cannot Bar Section 35(1)(iv) Capital Expenditure Deduction for R&D Building Issue Whether an assessee engaged in manufacturing resins is entitled to claim deduction under Section 35(1)(iv) read with Section 35(2) of the Income-tax Act, 1961 for capital expenditure incurred on the construction of an R&D building, where the Assessing Officer disallowed… Read More »