https://www.taxtmi.com/highlights?id=57373 Weighted deduction u/s.35(2AB) - capital and revenue expenditure incurred on in-house R & D facility - It is not in dispute that the Assessee in the present case obtained approval in Form No.3CM as required by Rule 6 (5A) of the Rules. The deduction u/s.35(2AB) ought to have been allowed as weighted deduction at 200% of the expenditure as claimed by the Assessee and ought not to have been restricted to 100% of the expenditure incurred on scientific research. - AT en-us Sat, 27 Mar 2021 13:00:35 +0530 Sat, 27 Mar 2021 13:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57373 Weighted deduction u/s.35(2AB) - capital and revenue expenditure incurred on in-house R & D facility - It is not in dispute that the Assessee in the present case obtained approval in Form No.3CM as required by Rule 6 (5A) of the Rules. The deduction u/s.35(2AB) ought to have been allowed as weighted deduction at 200% of the expenditure as claimed by the Assessee and ought not to have been restricted to 100% of the expenditure incurred on scientific research. - AT Highlights Income Tax Sat, 27 Mar 2021 13:00:35 +0530 https://www.taxtmi.com/highlights?id=57373