https://www.taxtmi.com/caselaws?id=364251 Interpretation of deduction under section 35(2AB) focused on whether pre approval R&D expenditure is allowable. The court held that obtainment timing of prescribed authority approval is not determinative provided the expenditure was incurred for the designated in house research purpose and the facility is ultimately approved; therefore the Assessing Officer's restriction of deduction to post approval periods was set aside and the matter remitted for recomputation. The court relied on legislative intent to incentivise in house R&D, distinguished precedents on timing facts, and required the assessing officer to verify factual approval and recalculate the weighted deduction accordingly. en-us Mon, 26 Mar 2018 00:00:00 +0530 Fri, 13 Feb 2026 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364251 Interpretation of deduction under section 35(2AB) focused on whether pre approval R&D expenditure is allowable. The court held that obtainment timing of prescribed authority approval is not determinative provided the expenditure was incurred for the designated in house research purpose and the facility is ultimately approved; therefore the Assessing Officer's restriction of deduction to post approval periods was set aside and the matter remitted for recomputation. The court relied on legislative intent to incentivise in house R&D, distinguished precedents on timing facts, and required the assessing officer to verify factual approval and recalculate the weighted deduction accordingly. Case-Laws Income Tax Mon, 26 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364251