https://www.taxtmi.com/caselaws?id=392210 The Tribunal upheld the Principal Commissioner of Income Tax's direction to reassess the expenditure under Section 35(2AB) but emphasized that the deduction could not be denied solely due to procedural lapses. The Tribunal directed that the deduction should be allowed after verifying the actual R&D expenditure, aligning with the principle that procedural lapses should not invalidate substantive claims. The appeals were partly allowed, modifying the Principal Commissioner's order to align with established judicial precedents. en-us Thu, 13 Feb 2020 00:00:00 +0530 Sat, 15 Feb 2020 13:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392210 The Tribunal upheld the Principal Commissioner of Income Tax's direction to reassess the expenditure under Section 35(2AB) but emphasized that the deduction could not be denied solely due to procedural lapses. The Tribunal directed that the deduction should be allowed after verifying the actual R&D expenditure, aligning with the principle that procedural lapses should not invalidate substantive claims. The appeals were partly allowed, modifying the Principal Commissioner's order to align with established judicial precedents. Case-Laws Income Tax Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392210