https://www.taxtmi.com/caselaws?id=392064 ITAT Mum. (AT) held that R&D recognition by the competent authority was valid from 01.04.2001 and, despite absence of Form 3CM for the year, the assessee was entitled to weighted deduction u/s 35(2AB) so AO and CIT(A) were directed/overruled to allow the deduction. The penalty u/s 271(1)(c) was quashed, since the underlying addition was deleted and mere unsuccessful claim did not constitute furnishing of inaccurate particulars. Decision in favour of the taxpayer. en-us Fri, 07 Feb 2020 00:00:00 +0530 Fri, 24 Oct 2025 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392064 ITAT Mum. (AT) held that R&D recognition by the competent authority was valid from 01.04.2001 and, despite absence of Form 3CM for the year, the assessee was entitled to weighted deduction u/s 35(2AB) so AO and CIT(A) were directed/overruled to allow the deduction. The penalty u/s 271(1)(c) was quashed, since the underlying addition was deleted and mere unsuccessful claim did not constitute furnishing of inaccurate particulars. Decision in favour of the taxpayer. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392064