Thursday, May 16, 2019

No denial of approval u/s. 35(1)(iii) just because there was no commercial success of research activities: HC

IT: Criteria of commercial success of research activities cannot be related to any statutory or prescribed criteria for grant of approval under section 35(1)(ii)

from www.taxmann.com Latest Case Laws http://bit.ly/2VM6GaY
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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