Deduction u/s 35(2AB) of Income Tax Act cannot be Denied Ignoring Form 3CL: ITAT [Read Order]

Deduction - Income Tax Act - Form 3CL - ITAT - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 35(2AB) of the Income Tax Act could not be denied by ignoring Form 3CL. The assessee Indian Toners and Developers Ltd was a resident corporate entity engaged in manufacturing and sale of inks and toners for photocopiers. For the assessment…

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