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Income Tax - Highlights / Catch Notes

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Disallowance of scientific Research and Development expenses - ...

Income Tax

April 25, 2017

Disallowance of scientific Research and Development expenses - weighted deduction - Once the Revenue authorities accepted that the expenditure was incurred towards R&D and it was disallowed u/s.35(2AB) of the Act on the reason of non-approval by the DSIR, then it should be considered u/s.35(1)(iv) - AT

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