https://www.taxtmi.com/caselaws?id=326553 The ITAT partly allowed the appeal, remitting the R&D expenses issue for proper verification and dismissing the disallowance under section 14A with Rule 8D. The apportionment of R&D expenses between 80IB and non-80IB units was confirmed based on turnover, emphasizing the necessity of approval in Form 3CL from DSIR to claim deduction under section 35(2AB). The disallowance under section 14A with Rule 8D was upheld due to the commingling of funds and the absence of separate books for investments and manufacturing activities. en-us Wed, 17 Feb 2016 00:00:00 +0530 Tue, 19 Apr 2016 11:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326553 The ITAT partly allowed the appeal, remitting the R&D expenses issue for proper verification and dismissing the disallowance under section 14A with Rule 8D. The apportionment of R&D expenses between 80IB and non-80IB units was confirmed based on turnover, emphasizing the necessity of approval in Form 3CL from DSIR to claim deduction under section 35(2AB). The disallowance under section 14A with Rule 8D was upheld due to the commingling of funds and the absence of separate books for investments and manufacturing activities. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326553