Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (4) TMI 1247 - ITAT MUMBAIDisallowance of deduction claimed u/s 35(2AB) - Assessee is involved into In-House Research & Development activities, which are undertaken at Pune center - Held that:- It is not the case of the revenue authorities that the assessee was not doing scientific research. It is a fact that the assessee was conducting research in its field earlier, is evident from the letter received from Mr. R.R. Abhyankar (Scientist G) reads as renewal, therefore, it means that the relevant approval had been received and when we read the preceding letter also, we find that it talks about renewal from 01.04.2010. In fact vide letter dated 09.01.2008 the nodal officer from the department of Scientific & Industrial Research had accorded the recognition upto 31.03.2010. However all these facts require verification. Hence, this issue is set aside to the file of the AO. Appeal as filed by the assessee is treated as allowed for statistical purposes.
|