https://www.taxtmi.com/caselaws?id=382175 The Tribunal allowed the assessee's appeal, directing the AO to allow the weighted deduction under Section 35(2AB), delete the disallowance of R&D expenses allocated to the partnership firm, and remove the addition re-characterizing remuneration as royalty income. The decision was based on precedents and upheld the principle that expenses incurred for business purposes are allowable. en-us Fri, 17 May 2019 00:00:00 +0530 Wed, 26 Jun 2019 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382175 The Tribunal allowed the assessee's appeal, directing the AO to allow the weighted deduction under Section 35(2AB), delete the disallowance of R&D expenses allocated to the partnership firm, and remove the addition re-characterizing remuneration as royalty income. The decision was based on precedents and upheld the principle that expenses incurred for business purposes are allowable. Case-Laws Income Tax Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382175