Read all Latest Updates on and about section 35(2AB) of the Income Tax Act

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Income Tax Annual Digest 2024: ITAT Cases [Part 24]

Manu Sharma

This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported...

ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read...

Expenditure incurred by Asian Paints on research and Development Eligible for Deduction u/s 35 (2AB)...

Expenses incurred for conducting clinical trials of Pharmaceuticals Companies outside organization...

Claim of Income Tax Deduction on Expenditure under Mistake: Delhi HC sets aside Penalty Imposed...

Weighted Deduction can be Claimed on DSIR's Quantification of Amount Incurred by it on in-House research & Development Facility: ITAT Deletes Addition [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal held that assessee is entitled to claim weighted deduction on all expenditure incurred by it, on in-house research & development facility....

Weighted Deduction allowable u/s 35(2AB) of Income Tax Act when DSIR has Passed an Order Granting Approval in Form 3CM: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the weighted deduction is allowable under Section 35(2AB) of the Income Tax Act, 1961 when the Department of Scientific and...

ITAT Weekly Round-Up

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the previous week from June 3 to 9, 2023. Relief to...

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

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...

Cut of date in Certificate issued by DSIR has no relevance: ITAT confirms Deduction u/s 35(2AB) [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), confirmed deduction under Section 35(2AB) of the Income Tax Act, 1961 on the ground that cut of date in certificate issued by Department...

Segregation of Expenditure not sufficient reason to deny the benefit u/s 35(2AB): ITAT uphold allowance of weighted Deduction of Expenditure on Serum Institute of India

Segregation of Expenditure, not sufficient reason to deny the benefit under section 35(2AB) of the Income Tax Act,1961, ruled the Pune Bench of the Income Tax Appellate Tribunal (ITAT) and upheld the...

No Examination of Weighted Deduction claim u/s 35(2AB): ITAT confirms Revision Order [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), confirmed the Revision Order as there was no examination of weighted deduction claim under Section 35(2AB) of the Income Tax Act, 1961....