https://www.taxtmi.com/caselaws?id=436257 The ITAT allowed the assessee's claim for a 200% deduction under Section 35(2AB) of the Income Tax Act for R&D expenses for the entire financial year 2011-12. However, the late deposit of employees' PF contribution was disallowed, following the Supreme Court's decision in Checkmate Services (P.) Ltd. The appeal of the Revenue was partly allowed, with the first issue decided in favor of the assessee and the second issue in favor of the Revenue. en-us Thu, 06 Apr 2023 00:00:00 +0530 Fri, 07 Apr 2023 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436257 The ITAT allowed the assessee's claim for a 200% deduction under Section 35(2AB) of the Income Tax Act for R&D expenses for the entire financial year 2011-12. However, the late deposit of employees' PF contribution was disallowed, following the Supreme Court's decision in Checkmate Services (P.) Ltd. The appeal of the Revenue was partly allowed, with the first issue decided in favor of the assessee and the second issue in favor of the Revenue. Case-Laws Income Tax Thu, 06 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436257