Deduction of research and development expenses claimed u/s ...

R&D Expenses Deduction: AO Must Verify Claims for In-House Scientific Research Before Removing Disallowance &D.

February 17, 2024

Case Laws Income Tax AT

Deduction of research and development expenses claimed u/s 35(2AB) - weighted deduction - whether the expenditure claimed by the assessee is required to be approved by the DSIR? - The Tribunal held that in view of decision of High Court, AO directed to verify the correctness of the claim of the actual expenses incurred by the assessee in respect of scientific research in-house research and development facility. If the claim of assessee is found to be correct he would delete the impugned disallowance of expenditure.

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Deduction of research and development expenses claimed u/s ...

R&D Expenses Deduction: AO Must Verify Claims for In-House Scientific Research Before Removing Disallowance &D.

February 17, 2024

Case Laws Income Tax AT

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