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2019 (9) TMI 1464 - AT - Income TaxWeighted deduction u/s 35(2AB) - Assessee claimed deduction on scientific research expenses incurred by it @ 200% - AO noticed that the assessee has not furnished Form No.3CL issued by DSIR, New Delhi,the prescribed authority certifying the expenses incurred on scientific research - AO restricted the claim of revenue expenditure to 100% and disallowed capital expenditure - also rejected the alternative claim of the assessee to allow depreciation on the capital expenditure - HELD THAT:- In the instant case, the year under consideration being asst. year 2014-15, the same would fall prior to 1/4/2016 and hence the tax authorities are not justified for insisting on production of Form NO.3CL for allowing deduction u/s 35(2AB) of the Act. Accordingly, we set aside the order passed by the ld CIT(A) and direct the AO to allow the deduction @ 200% of the expenditure incurred by the assessee, after examining the claim from the books of accounts. - Decided in favour of assessee.
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