S. 35 : Scientific research expenditure-Weighted deduction-Subsequent withdrawal of approval granted to institution with retrospective effect-Approval valid and subsisting on date of donation-Entitled to weighted deduction. [S. 35(1)(ii)]
Kushal Virendra Tandon v. CIT (2021) 91 ITR 610 / (2022) 215 TTJ 630 (Mum.)(Trib.)
Digest of case laws
Online digest of latest case laws
This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Click here to download the pdf versions of the Digest of case laws S. 35 : Scientific research expenditure-Claim made in the revised computation during assessment proceedings-Assessing Officer is directed to allow the claim.-Research and development expenditure-Weighted deduction-Allowable. [S. 35(1)(iv), 35(2AB), 139]
Tejas Networks Ltd. v. DCIT (2021) 91 ITR 52 (SN) (Bang.)(Trib.)S. 35 : Scientific research expenditure-Weighted Deduction-Amendment brought by Income-tax (Tenth Amendment) Rules, 2016 with effect from 1-7-2016-new provision brought for certifying amount of expenditure from year to year-prior to amendment in 2016, no such procedure prescribed-Curtailing expenditure and weighted deduction not proper-Entitled to weighted deduction. S. 35(2AB).
Dy. CIT v. Force Motors Ltd. (2021) 91 ITR 8 / (2022) 193 ITD 344 (Pune)(Trib.)S. 35 : Scientific research expenditure-Weighted Deduction-Amendment brought by Income-tax (Tenth Amendment) Rules, 2016 with effect from 1-7-2016-new provision brought for certifying amount of expenditure from year to year-prior to amendment in 2016, no such procedure prescribed-Curtailing expenditure and weighted deduction not proper-Entitled to weighted deduction. [S. 35(2AB)]
Dy. CIT v. Force Motors Ltd. (2021) 91 ITR 8 / (2022) 193 ITD 344 (Pune)(Trib.)S. 32 : Depreciation-Home-Theatre-Used for exhibiting technological developments in field of software to employees and customers-Deletion of disallowance of depreciation is justified.
DCIT v. Tally Solutions Pvt. Ltd. (2021) 91 ITR 66 (SN) (Bang.)(Trib.)32 : Depreciation-Home-Theatre-Used for exhibiting technological developments in field of software to employees and customers-Deletion of disallowance of depreciation is justified.
DCIT v. Tally Solutions Pvt. Ltd. (2021) 91 ITR 66 (SN) (Bang.)(Trib.)S. 32 : Depreciation-New assets purchased-Disallowance of depreciation is not proper. [S. 44AB]
DCIT v. N E Television Network Pvt. Ltd. (2021) 91 ITR 59 (SN) (Delhi) (Trib.)S. 32 : Depreciation-New assets purchased-Disallowance of depreciation is not proper. [S.44AB]
DCIT v. N E Television Network Pvt. Ltd. (2021) 91 ITR 59 (SN) (Delhi) (Trib.)S. 32 : Depreciation-Computer peripherals-Entitle for higher depreciation. [S. 32(1(ii)
Barclays Shared Services (P.) Ltd. v. ACIT (2021) 202 DTR 185 /(2022) 216 TTJ 228 (Pune)(Trib.)S. 32 : Depreciation-Biometric devices-Computer-Eligible depreciation at a higher rate. [S. 32(1)(ii)]
Instrument Technologies v. ACIT (2021) 198 DTR 17 (Visakha)(Trib.)