https://www.taxtmi.com/caselaws?id=273259 The Tribunal dismissed the assessee's appeal, upholding the disallowance of weighted deductions under Section 35(2AB) and the levy of interest under Sections 234B and 234C. It allowed the department's appeal regarding deductions for Scientific Information and Clinical Trials expenses. However, it upheld the CIT (A)'s decision on Section 80IB deductions and disallowance under Section 40(a)(i) for payments to CROs, referencing previous rulings and judicial precedents. The revenue's appeal was allowed in part, aligning with established legal interpretations. en-us Fri, 13 Apr 2012 00:00:00 +0530 Fri, 08 Mar 2024 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273259 The Tribunal dismissed the assessee's appeal, upholding the disallowance of weighted deductions under Section 35(2AB) and the levy of interest under Sections 234B and 234C. It allowed the department's appeal regarding deductions for Scientific Information and Clinical Trials expenses. However, it upheld the CIT (A)'s decision on Section 80IB deductions and disallowance under Section 40(a)(i) for payments to CROs, referencing previous rulings and judicial precedents. The revenue's appeal was allowed in part, aligning with established legal interpretations. Case-Laws Income Tax Fri, 13 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273259