Section 35(2AB) Deductions: Approval Timing Shouldn't Affect Eligibility if Application is Complete and Applicant is Eligible.

Section 35(2AB) Deductions: Approval Timing Shouldn't Affect Eligibility if Application is Complete and Applicant is Eligible. https://www.taxtmi.com/highlights?id=40516 Allowability of deduction u/s 35(2AB) - the application is complete in all respects and the assessee is otherwise eligible for grant of such approval, approval may take some time to come by. The claim for deduction cannot be defeated on the ground that such approval was granted in the year subsequent to the financial year in which the expenditure was incurred en-us Wed, 25 Jul 2018 12:06:49 +0530 Wed, 25 Jul 2018 12:06:49 +0530 TaxTMI RSS Generator Section 35(2AB) Deductions: Approval Timing Shouldn't Affect Eligibility if Application is Complete and Applicant is Eligible. https://www.taxtmi.com/highlights?id=40516 Allowability of deduction u/s 35(2AB) - the application is complete in all respects and the assessee is otherwise eligible for grant of such approval, approval may take some time to come by. The claim for deduction cannot be defeated on the ground that such approval was granted in the year subsequent to the financial year in which the expenditure was incurred Highlights Income Tax Wed, 25 Jul 2018 12:06:49 +0530 https://www.taxtmi.com/highlights?id=40516