Held that the claim of the assessee in the course of assessment proceedings deserved admission and restoration to the Assessing Officer for examination in accordance with law. Research and development expenditure, weighted deduction is allowable. Followed Tejas Networks Ltd. v. DCIT [2015 5 ITR-OL 240 (Karn)(HC). (AY. 2014-15)
Tejas Networks Ltd. v. DCIT (2021) 91 ITR 52 (SN) (Bang.)(Trib.)
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]