Held that once an expenditure was approved was incurred for development of research and development facility (both revenue and capital expenditure) and such research and development facility was approved by the DSIR, the assessee would be entitled to weighted deduction under section 35(2AB) of the Act. (AY. 2014-15)
Nirmal Industrial Control P. Ltd. v. ACIT (2021) 90 ITR 34 (SN) (Mum.)(Trib.)
S. 35 : Scientific research expenditure-Research and development facility was approved by the DSIR-Entitle to weighted deduction. [S. 35(2AB)]