Form 3CM and Form 3CL issued by DSIR is not  mandatory for allowing deduction u/s 35(1)(i) of Income Tax Act: ITAT quashes Revision Order [Read Order]

By Aparna. M - On August 31, 2023 4:30 pm - 2 mins read
Form 3CM and Form 3CL issued by DSIR - deduction - Income Tax Act - ITAT quashes Revision Order - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Mumbai held that Form 3CM and Form 3CL issued by DSIR is not mandatory for allowing deduction under Section 35(1)(i) of Income Tax Act, 1961.Thus the bench quashed the revision order passed under Section 263 of the Income Tax Act, 1961 on the above ground . Assessee,FDC Limited assessment…

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