Held that the assessee having not produced Form No. 3CL, claim of weighted deduction under s. 35(2AB) is not allowable. However, the expenditure is allowable as a deduction under S. 35(1)(i) and 35(1)(iv). (AY.2020-21)
Laxmi Organic Industries Ltd. v. DCIT (2025) 237 TTJ 268 / 177 taxmann.com 118 (Mum) (Trib)
S. 35: Expenditure on scientific research-Non-submission of Form No. 3CL-Weighted deduction not allowable-Allowable as a deduction under S 35(1)(i) and 35(1)(iv). [S. 35(1), 35(1)(iv), 35(2AB)]
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