https://www.taxtmi.com/caselaws?id=432965 The Tribunal allowed the appeal, ruling that expenses on clinical trials conducted outside the approved in-house R&D facility are eligible for weighted deduction under Section 35(2AB). The Tribunal emphasized that prior to the 1.7.2016 amendment, DSIR's Form 3CL did not quantify eligible expenses, and the AO must accept DSIR's certification. The Tribunal's interpretation of "in-house" and reliance on judicial precedents underscored the broader scope of Section 35(2AB) to include necessary external activities integral to the R&D process. en-us Wed, 04 Jan 2023 00:00:00 +0530 Wed, 18 Jan 2023 08:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432965 The Tribunal allowed the appeal, ruling that expenses on clinical trials conducted outside the approved in-house R&D facility are eligible for weighted deduction under Section 35(2AB). The Tribunal emphasized that prior to the 1.7.2016 amendment, DSIR's Form 3CL did not quantify eligible expenses, and the AO must accept DSIR's certification. The Tribunal's interpretation of "in-house" and reliance on judicial precedents underscored the broader scope of Section 35(2AB) to include necessary external activities integral to the R&D process. Case-Laws Income Tax Wed, 04 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432965