https://www.taxtmi.com/caselaws?id=304588 The ITAT Mumbai allowed the appeal in favor of the assessee for both issues. It directed the Ld. AO to allow the deduction of education cess, ruling that it is allowable as a deductible expenditure under the Income-tax Act. Regarding the quantum of deduction u/s 35(2AB) for scientific research and development expenditure, the ITAT held that the assessee should be entitled to claim deduction based on actual expenditure incurred, instructing the Ld. AO to quantify the claim accordingly. en-us Tue, 05 Oct 2021 00:00:00 +0530 Sat, 08 Oct 2022 07:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304588 The ITAT Mumbai allowed the appeal in favor of the assessee for both issues. It directed the Ld. AO to allow the deduction of education cess, ruling that it is allowable as a deductible expenditure under the Income-tax Act. Regarding the quantum of deduction u/s 35(2AB) for scientific research and development expenditure, the ITAT held that the assessee should be entitled to claim deduction based on actual expenditure incurred, instructing the Ld. AO to quantify the claim accordingly. Case-Laws Income Tax Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304588