Allowing the appeal of the Court held that the assessee would be entitled to claim deduction under section 35(2AB) in respect of expenses of its unit which was entitled for deduction under section 10B of the Act (S. 35) (AY. 2003-04)
Biocon Ltd. v. Dy. CIT (2021) 133 taxmann.com149 (Karn.)(HC) Editorial : Notice issued in SLP filed by the revenue, Dy. CIT v. Biocon Ltd. (2022) 284 Taxman 376 (SC)
S. 35 : Scientific research expenditure-Expenses of units which was entitle for deduction under section 10B-Entitle for deduction. [S. 10B, 35(2AB)]