https://www.taxtmi.com/highlights?id=57233 Deduction u/s 35(2AB) - expenditure incurred on R&D centre - AO held that in the absence of Form 3CL, such deduction is not allowable - the assessee should not be shorned of the legal right bestowed upon by the provisions of the Income Tax Act. The revenue may disallow the claim of the asseseee if it can prove that the claim of the assessee is wrong after obtaining the report in Form 3CL from the concerned authority. - AT en-us Fri, 19 Mar 2021 11:02:21 +0530 Fri, 19 Mar 2021 11:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57233 Deduction u/s 35(2AB) - expenditure incurred on R&D centre - AO held that in the absence of Form 3CL, such deduction is not allowable - the assessee should not be shorned of the legal right bestowed upon by the provisions of the Income Tax Act. The revenue may disallow the claim of the asseseee if it can prove that the claim of the assessee is wrong after obtaining the report in Form 3CL from the concerned authority. - AT Highlights Income Tax Fri, 19 Mar 2021 11:02:21 +0530 https://www.taxtmi.com/highlights?id=57233