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Income Tax - Highlights / Catch Notes

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Deduction u/s 35(2AB) - Weighted deduction - expenditure on R & ...


Court Remands Case for Weighted Deduction on R&D Expenditures u/s 35(2AB); AO to Reassess Deduction Eligibility.

August 29, 2013

Case Laws     Income Tax     AT

Deduction u/s 35(2AB) - Weighted deduction - expenditure on R & D facilities - - matter remanded back to the file of the AO to grant weighted deduction u/s 35(2AB). The balance expenditure if any not approved by the DSIR will have to be considered for deduction under section 35(1) or under normal provisions - AT

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