https://www.taxtmi.com/caselaws?id=372044 The Tribunal addressed three key issues regarding weighted deduction under Section 35(2AB) of the Income Tax Act for clinical research expenditure. It ruled that expenditure on Bio Analytical and Bio Equivalence Studies conducted outside the in-house R&D facility is eligible for weighted deduction, even without Form 3CL certification. The Tribunal upheld the Gujarat HC's binding precedent and recognized that clinical trials necessarily require external facilities. Consequently, the Tribunal dismissed the Revenue's appeals and allowed the weighted deduction for the assessment years. en-us Fri, 14 Sep 2018 00:00:00 +0530 Wed, 07 May 2025 11:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372044 The Tribunal addressed three key issues regarding weighted deduction under Section 35(2AB) of the Income Tax Act for clinical research expenditure. It ruled that expenditure on Bio Analytical and Bio Equivalence Studies conducted outside the in-house R&D facility is eligible for weighted deduction, even without Form 3CL certification. The Tribunal upheld the Gujarat HC's binding precedent and recognized that clinical trials necessarily require external facilities. Consequently, the Tribunal dismissed the Revenue's appeals and allowed the weighted deduction for the assessment years. Case-Laws Income Tax Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372044