Dismissing the appeal of the revenue the Court held that both lower authorities had rightly allowed the claim and question of applying s.35(1)(ii) to said contributions did not arise, since assessee had not claimed weighted deduction for one and half times of actual expenses. (AY. 1991-92, 1992-93)
CIT v. Tamilnadu State Transport Corporation (Madurai) Ltd. (2019) 179 DTR 161 (Mad.)(HC)
S. 37(1) : Business expenditure—Expenditure on scientific research—Contribution made to Institute of Road Transport-Though S.35(1)(ii) is referred–Weighted deduction not claimed– Held to be allowable. [S. 35(1) (ii)]