Dismissing the appeal of the revenue the Court held that, Tribunal is justified in holding that expenditure on R&D claimed under section 35(2AB) had no connection whatsoever with 100 per cent EOUs. Revision is held to be not valid. (AY. 2008-09)
CIT v. Bosch Ltd. (2021) 279 Taxman 422 (Karn.)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Scientific research-100 per cent EOUs-Expenditure on R&D claimed under section 35(2AB) had no connection whatsoever with 100 per cent EOUs-Revision is held to be not valid. [S. 10B, 35(2AB)]