deduction on scientific research

In inome tax act there s no specific provisn for method of purchase of capital asset. hence deduction can be availed.

Dear Mohit,

Bhai just see following cases - most of ur issues will get resolved..............

Ratios can be applied to SR Assets as well

Vehicles taken under hire-purchase agreement - Depreciation is to be allowed to the user in the case of a hire-purchase agreement - CIT v. Nagpur Golden Transport Co. [1998] 233 ITR 389 (Delhi).

Trucks bought on instalment basis are eligible - A transporter is entitled to depreciation on trucks bought on instalment basis even though they are not registered in his name - CIT v. Mirza Ataullaha Baig [1994] 76 Taxman 495/[1993] 202 ITR 291 (Bom.).

WHAT ABT LEASE IN SIMILAR CASE