Court held that since assessee had not placed on record any documentary record to establish such R&D expenses incurred by it were towards its business, impugned order of Tribunal allowing such R&D expenses was to be set aside and matter was to be remanded.(AY. 2008-09)
PCIT v. United Spirits Ltd. (2022) 442 ITR 451 / 284 Taxman 568 (Kar.)(HC)
S. 37(1) : Business expenditure-Research and Development (R&D) expenses-Not produced documentary evidence-Matter remanded. [S. 35 (2AB)]