Weighted deduction - in-house research and development - once ...

Taxpayer's Weighted Deduction for R&D u/s 35(2AB) Requires Strict Interpretation, Liberal Construction for Maximum Benefit.

November 11, 2016

Case Laws Income Tax AT

Weighted deduction - in-house research and development - once the entitlement and eligibility of the assessee is established by strictly construing the provision of section 35(2AB), then the provision is to be liberally construed so that full effect is given of the beneficial provision to achieve the intended objective for which the beneficial statutory provision is placed on the statute. - AT

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Weighted deduction - in-house research and development - once ...

Taxpayer's Weighted Deduction for R&D u/s 35(2AB) Requires Strict Interpretation, Liberal Construction for Maximum Benefit.

November 11, 2016

Case Laws Income Tax AT

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