https://www.taxtmi.com/caselaws?id=403582 The Tribunal upheld its decision to allow the assessee to claim weighted deduction under section 35(2AB) of the Income-tax Act, 1961, based on Form No.3CL, despite the revenue's arguments citing a decision by the Karnataka High Court and a distinction with a previous case. The Tribunal emphasized the legal interpretation from a relevant case and clarified the significance of Form No.3CL for claiming deductions during the assessment year. Additionally, the Tribunal corrected a typographical error in the order and dismissed the revenue's miscellaneous application, stating that rectification of mistakes is permissible but not a review of the order. en-us Mon, 01 Feb 2021 00:00:00 +0530 Tue, 02 Feb 2021 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403582 The Tribunal upheld its decision to allow the assessee to claim weighted deduction under section 35(2AB) of the Income-tax Act, 1961, based on Form No.3CL, despite the revenue's arguments citing a decision by the Karnataka High Court and a distinction with a previous case. The Tribunal emphasized the legal interpretation from a relevant case and clarified the significance of Form No.3CL for claiming deductions during the assessment year. Additionally, the Tribunal corrected a typographical error in the order and dismissed the revenue's miscellaneous application, stating that rectification of mistakes is permissible but not a review of the order. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403582