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2020 (12) TMI 1154 - AT - Income TaxDeduction u/s 35(2AB) - expenses on in-house R & D (being the 200% of R & D expenditure) - HELD THAT:- CIT(A) has allowed the claim of the assessee on the basis of decision of Meco Instruments Pvt. Ltd.[2010 (8) TMI 484 - ITAT, MUMBAI] - In this case also, the expenses incurred on in-house R & D was allowed. The expenses incurred for in-house R&D unit of appellant company are supported by bill and vouchers and duly verified by the AO. The facts are not distinguishable at this stage. There is nothing on record to which it can be assumed that the law settled in Meco Instruments Pvt. Ltd. (supra) has been changed or varied, therefore, in the said circumstances, we are of the view that the CIT(A) has decided the matter of controversy judiciously and correctly which is not liable to be interfere with at this appellate stage. Accordingly, this issue is decided in favour of the assessee against the revenue.
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