Weighted deduction u/s 35(2AB) - Tribunal has noted that, ...

Tribunal Affirms Deductibility of Revenue Expenses u/s 37 Despite Lack of DSIR Approval u/s 35(2AB.

February 6, 2024

Case Laws Income Tax AT

Weighted deduction u/s 35(2AB) - Tribunal has noted that, Revenue expenditure which was not approved for weighted deduction by DSIR was directed to be allowable as Revenue expenditure under section 37 of the Act while computing the income of the assessee by the ld. CIT (Appeals) - AO has not questioned the genuineness and allowability of these expenses - Consequently, the tribunal sustained the order of CIT(A)

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Weighted deduction u/s 35(2AB) - Tribunal has noted that, ...

Tribunal Affirms Deductibility of Revenue Expenses u/s 37 Despite Lack of DSIR Approval u/s 35(2AB.

February 6, 2024

Case Laws Income Tax AT

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