Followed earlier year order of Tribunal and expenditure under section 35(2AB) in the nature of exhibit batches was not allowed. In terms of this decision, the claim of the expenses was rejected. The addition to the extent the research and development expenses were recognised by the Department of Scientific and Industrial Research for the year in question was deleted. (AY.2012-13)
Intas Pharmaceuticals Ltd. v.ACIT (2024)114 ITR 546 (Ahd)(Trib)
S. 35 : Expenditure on scientific research-Weighted deduction-Deduction allowed to extent certified by Department of Scientific and Industrial Research-Matter remanded for verification.[S. 35(2AB)]
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