Weighted deduction reduction for research expenditure phased down, with later contributions limited to deduction equal to amount paid. Amendments reduce enhanced weighted deductions under section 35 for sums paid to research associations, educational institutions, National Laboratories, specified persons and for in house R&D by companies, replacing higher multiplicative benefits with lower rates for transitional years and providing that for contributions or eligible in house expenditure in later years the deduction shall be equal to the amount paid or incurred.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Weighted deduction reduction for research expenditure phased down, with later contributions limited to deduction equal to amount paid.
Amendments reduce enhanced weighted deductions under section 35 for sums paid to research associations, educational institutions, National Laboratories, specified persons and for in house R&D by companies, replacing higher multiplicative benefits with lower rates for transitional years and providing that for contributions or eligible in house expenditure in later years the deduction shall be equal to the amount paid or incurred.
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