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]

By Namaskar Acharya - On September 16, 2023 9:30 pm - 2 mins read

Weighted Deduction claimed on DSIR's quantification of amount incurred in - house research - development facility - ITAT deletes Addition - TAXSCAN

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. The issue raised in the appeal was relating to the disallowance of claim of weighted deduction under Section 35(2AB) of the Income Tax Act. The…

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