https://www.taxtmi.com/caselaws?id=368614 The appeal was dismissed as the Tribunal upheld the disallowance of deduction on Research and Development expenses for Assessment Year 2010-11. The assessee's claim was denied due to lack of necessary approvals from the prescribed authority, as per the judgment of the Hon'ble Karnataka High Court. The Tribunal emphasized the requirement of obtaining approval for such deductions and concluded that without the requisite approval, the claim could not be allowed. The decision aligned with legal provisions and precedents, highlighting the significance of compliance with approval procedures for Research and Development expenditure deductions under section 35(2AB). en-us Fri, 31 Aug 2018 00:00:00 +0530 Thu, 11 Oct 2018 09:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368614 The appeal was dismissed as the Tribunal upheld the disallowance of deduction on Research and Development expenses for Assessment Year 2010-11. The assessee's claim was denied due to lack of necessary approvals from the prescribed authority, as per the judgment of the Hon'ble Karnataka High Court. The Tribunal emphasized the requirement of obtaining approval for such deductions and concluded that without the requisite approval, the claim could not be allowed. The decision aligned with legal provisions and precedents, highlighting the significance of compliance with approval procedures for Research and Development expenditure deductions under section 35(2AB). Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368614