Disallowance of research and development expenses - the AO as ...

High Court Overturns Tribunal, Disallows R&D Tax Deductions Due to Insufficient Evidence and Inadequate Justification.

October 23, 2021

Case Laws Income Tax HC

Disallowance of research and development expenses - the AO as well as the CIT (A) has disallowed the R & D claim made by the assessee mainly for the reason that no documents were placed on record to establish the same. But the Tribunal has proceeded to allow the claims made by the assessee on the ground that the same is not double deduction or weighted deduction. We are not convinced with the reasoning of the Tribunal in allowing this deduction for want of material evidence and lack of proper reasoning. - HC

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Disallowance of research and development expenses - the AO as ...

High Court Overturns Tribunal, Disallows R&D Tax Deductions Due to Insufficient Evidence and Inadequate Justification.

October 23, 2021

Case Laws Income Tax HC

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