Tax Deduction Victory: R&D Expenses, Commission Payments, and Depreciation Rates Upheld for Taxpayer Under Multiple Statutory Provisions

ITAT adjudicated multiple tax-related issues for the assessee. The tribunal allowed the appeal regarding R&D expenditure under section 35(2AB), finding that prior to 2016 amendment, no specific procedural methodology existed for certifying expenditure, thus the Assessing Officer erroneously disallowed the weighted deduction. The tribunal also deleted disallowance under section 40A(2)(b) regarding commission payments, noting identical facts from the preceding year. Regarding depreciation, ITAT held electrical installations are part of plant and machinery, thereby allowing 15% depreciation instead of 10% as originally proposed by the AO. The assessee's appeals were substantially allowed across all contested issues. .....

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