Court :
Tribunal
Brief :
Held that it is not mandatory under provisions of section 35(1)(iv) that plant and machinery purchased must be put to use. It is enough that the expenditure is incurred on purchase of plant and machinery to be used in research work. Hence, A.O. is not justified in disallowing deduction to the assessee.
Citation :
D.C.I.T. Vs. Metallizing Equipment Co. (P.) Ltd.
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