Weighted deduction for scientific research increased and eligibility decisions centralized to Central Government, with other research queries retained by prescribed authority. Amendment enhances the weighted deduction for scientific research expenditure by designating specified payments under clauses (ii) and (iii) of sub section (1) as an amount equal to one and one fourth times the sum paid and replaces multiple references to the 'prescribed authority' with the 'Central Government.' It revises a temporal reference in sub section (2AB)(5) and provides that questions on whether activities or assets constitute scientific research are to be referred to the Central Government for clauses (ii) and (iii) and to the prescribed authority for other activities, with each decision being final.
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Provisions expressly mentioned in the judgment/order text.
Weighted deduction for scientific research increased and eligibility decisions centralized to Central Government, with other research queries retained by prescribed authority.
Amendment enhances the weighted deduction for scientific research expenditure by designating specified payments under clauses (ii) and (iii) of sub section (1) as an amount equal to one and one fourth times the sum paid and replaces multiple references to the "prescribed authority" with the "Central Government." It revises a temporal reference in sub section (2AB)(5) and provides that questions on whether activities or assets constitute scientific research are to be referred to the Central Government for clauses (ii) and (iii) and to the prescribed authority for other activities, with each decision being final.
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