https://www.taxtmi.com/caselaws?id=348201 The Tribunal held that the absence of Form 3CM should not invalidate the deduction claimed under Section 35(2AB) of the Income Tax Act, as the Assessee met the substantive requirements by incurring R&D expenditures and obtaining DSIR certification. The Tribunal further ruled that the CIT was not justified in invoking Section 263 to revise the assessment order, as the AO's decision was reasonable and not prejudicial to revenue interests. The Assessee's appeal was allowed, emphasizing that procedural technicalities should not override substantive compliance with the law, as supported by judicial precedents. en-us Wed, 13 Sep 2017 00:00:00 +0530 Sat, 18 Nov 2017 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348201 The Tribunal held that the absence of Form 3CM should not invalidate the deduction claimed under Section 35(2AB) of the Income Tax Act, as the Assessee met the substantive requirements by incurring R&D expenditures and obtaining DSIR certification. The Tribunal further ruled that the CIT was not justified in invoking Section 263 to revise the assessment order, as the AO's decision was reasonable and not prejudicial to revenue interests. The Assessee's appeal was allowed, emphasizing that procedural technicalities should not override substantive compliance with the law, as supported by judicial precedents. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348201