https://www.taxtmi.com/caselaws?id=194717 The High Court upheld the Tribunal's decision to allow weighted deduction on expenses incurred outside the approved R&D facility under Section 35(2AB) and disallow interest expenses under Section 36(1)(iii). The Court also upheld the allowance of depreciation on building and plant and machinery. However, the Court admitted the appeal for further consideration on the additions in the calculation of adjusted book profit for MAT, provision for diminution in the value of assets, reduction of prior period expenses, and disallowance of expenditure under Section 14A for the computation of book profits under Section 115JB, recognizing them as substantial questions of law. en-us Fri, 23 Jan 2015 00:00:00 +0530 Thu, 21 Sep 2017 07:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194717 The High Court upheld the Tribunal's decision to allow weighted deduction on expenses incurred outside the approved R&D facility under Section 35(2AB) and disallow interest expenses under Section 36(1)(iii). The Court also upheld the allowance of depreciation on building and plant and machinery. However, the Court admitted the appeal for further consideration on the additions in the calculation of adjusted book profit for MAT, provision for diminution in the value of assets, reduction of prior period expenses, and disallowance of expenditure under Section 14A for the computation of book profits under Section 115JB, recognizing them as substantial questions of law. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194717