https://www.taxtmi.com/caselaws?id=262505 The Karnataka High Court upheld the lower authorities' decisions, ruling that machinery installation and commissioning were not prerequisites for claiming weighted deduction under section 35(2AB) of the Income-tax Act. The court emphasized interpreting provisions based on their plain meaning and noted that an installation certificate was issued before the relevant previous year, supporting the deduction claim. The judgment clarified that all expenditure for research and development should qualify for the deduction, regardless of machinery installation status. en-us Mon, 01 Jun 2015 00:00:00 +0530 Wed, 12 Aug 2015 06:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262505 The Karnataka High Court upheld the lower authorities' decisions, ruling that machinery installation and commissioning were not prerequisites for claiming weighted deduction under section 35(2AB) of the Income-tax Act. The court emphasized interpreting provisions based on their plain meaning and noted that an installation certificate was issued before the relevant previous year, supporting the deduction claim. The judgment clarified that all expenditure for research and development should qualify for the deduction, regardless of machinery installation status. Case-Laws Income Tax Mon, 01 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262505