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]

By Sunayana Dhal - On September 16, 2023 10:00 am - 2 mins read
Weighted Deduction - Income Tax Act when DSIR - Form 3CM - ITAT - taxscan

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 Industrial Research (DSIR) passed an order granting approval in form 3CM. The assessee is a company and is engaged in the business of…

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