Dismissing the appeal the Court held that approval was granted to R & D unit of assessee on 17-6-2009 from 1-4-2007, denial of weighted deduction during relevant assessment years was justified. (AY. 2006-07 and 2007-08)
Apollo Tyres Ltd. v. ACIT (2022) 284 Taxman 687 (Ker.)(HC)
S. 35 : Scientific research expenses-Approval was granted to R & D unit of on 17-6-2009 from 1-4-2007, denial of weighted deduction is held to be justified. [S. 35(2AB)(3)]