INCOME TAX : Where grants were given to enable assessee to conduct research and development in defence aviation system so that necessary technical know-how could be acquired for subsequent manufacture of defence equipments, such research would be related to business of assessee and expenditure incurred towards research and development activities would be allowed under section 35(1)(iv)INCOME TAX : Where grants were given to enable assessee to conduct research and development in defence aviation system so that necessary technical know-how could be acquired for subsequent manufacture of defence equipments, such research would be related to business of assessee and expenditure incurred towards research and development activities would be allowed under section 35(1)(iv)www.taxmann.com Latest Case LawsRead More
