{"id":51305,"date":"2025-02-19T11:23:36","date_gmt":"2025-02-19T05:53:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/zydus-lifesciences-ltd-v-dy-cit-2024113-itr-725-ahdtrib\/"},"modified":"2025-02-19T11:23:36","modified_gmt":"2025-02-19T05:53:36","slug":"zydus-lifesciences-ltd-v-dy-cit-2024113-itr-725-ahdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/zydus-lifesciences-ltd-v-dy-cit-2024113-itr-725-ahdtrib\/","title":{"rendered":"Zydus Lifesciences Ltd. v. Dy. CIT (2024)113 ITR 725 (Ahd)(Trib)"},"content":{"rendered":"<p>Held that the issue of product registration expenses and expenses for product registration support services, trademark registration fees and patent registration fees\u00a0 allowable as revenue expenditure.\u00a0\u00a0\u00a0 That the issue of claim of weighted deduction on expenditure under section\u00a035(2AB)\u00a0of the\u00a0Income-tax Act, 1961, no distinction, either on facts or law, were pointed by the Department from the decision rendered in the case of the assessee in the preceding year by the Tribunal and the High Court<em>.<\/em> That the finding of the Assessing Officer on the disallowance of expenditure pertaining to earning of exempt income under section\u00a014A\u00a0of the Act, was not in consonance with the ratio laid down by the Special Bench, nor with the decision of the Tribunal in the case of the assessee for the immediately preceding assessment year\u00a02014-15. Therefore, the addition made to the book profits of the assessee on account of expenses disallowed under section\u00a014A\u00a0of the Act is directed to be deleted\u00a0 (AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1): Business expenditure-Capital or revenue-Expenses on product registration and support services, trademark registration-Fees and patent registration fees-Revenue expenditure-Disallowance of expenditure-Exempt income-Book profit-Expenditure on scientific research-Addition is deleted.  [S.14A, 28,  35 (2AB),  115JB <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-51305","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dlv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=51305"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51305\/revisions"}],"predecessor-version":[{"id":51306,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51305\/revisions\/51306"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}