PCIT v. HIS Automative Ltd. [2020] 119 taxmann.com 445 / (2021) 205 DTR 242 (Mad.)(HC)

S. 37(1) : Business expenditure-Scientific expenditure paid to research association-Condition not satisfied-Alternative claim-Allowable as business expenditure. [S. 35 (1)]

Dismissing the appeal of the revenue, the Court held that since there was no dispute that said expenditure was incurred in ordinary course of business, Tribunal was right in allowing alternate claim of assessee toward scientific expenses under section 35(1) as revenue expenditure under section 37(1). (AY. 2007-08)