https://www.taxtmi.com/caselaws?id=438365 The Tribunal dismissed the appellant's appeal, affirming the denial of weighted deduction under section 35(2AB) for R&D expenditure. The appellant failed to obtain requisite approval from the DSIR, as mandated by the provision, making them ineligible for the deduction. The decision underscored the importance of strict compliance with prescribed conditions for tax benefits, as highlighted in relevant precedents. en-us Wed, 29 Mar 2023 00:00:00 +0530 Tue, 30 May 2023 09:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438365 The Tribunal dismissed the appellant's appeal, affirming the denial of weighted deduction under section 35(2AB) for R&D expenditure. The appellant failed to obtain requisite approval from the DSIR, as mandated by the provision, making them ineligible for the deduction. The decision underscored the importance of strict compliance with prescribed conditions for tax benefits, as highlighted in relevant precedents. Case-Laws Income Tax Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438365