https://www.taxtmi.com/caselaws?id=294407 The Tribunal ruled in favor of the assessee in an appeal for A.Y. 2009-10, allowing weighted deduction under section 35(2AB) for clinical trial expenses. It also permitted deductions for consultancy and patent fees based on previous decisions. The non-allowance of deductions on eligible expenses not considered by DSIR was addressed, with directions to allow once approved. Deductions under sections 80IB and 80IC on interest from customers were allowed. An additional ground for deduction under section 35(2AB) was admitted for verification. Delay in filing appeal for A.Y. 2008-09 was condoned, with both appeals partly allowed based on legal interpretations and case law. en-us Fri, 20 Feb 2015 00:00:00 +0530 Fri, 05 Aug 2022 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294407 The Tribunal ruled in favor of the assessee in an appeal for A.Y. 2009-10, allowing weighted deduction under section 35(2AB) for clinical trial expenses. It also permitted deductions for consultancy and patent fees based on previous decisions. The non-allowance of deductions on eligible expenses not considered by DSIR was addressed, with directions to allow once approved. Deductions under sections 80IB and 80IC on interest from customers were allowed. An additional ground for deduction under section 35(2AB) was admitted for verification. Delay in filing appeal for A.Y. 2008-09 was condoned, with both appeals partly allowed based on legal interpretations and case law. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294407