APOLLO TYRES LTD. vs. THE ASSISTANT COMMISSIONER OF INCOME TAX,
ITA/225/2019HC Kerala13 Sept 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE VIJU ABRAHAM
Section 35Section 35(1)(i)
vi) of para 6, a beneficial provision has
been made so as to extend the approval of an in-house research
and development centre to the previous year, but limited only
to capital expenditure (excluding any capital expenditure on
land and buildings). It is for this reason, according to Mr
Chandhiok, that the approval in Form 3CM granted