https://www.taxtmi.com/caselaws?id=439030 The Tribunal allowed the appeal, overturning the disallowance of Rs. 29,05,724/- claimed as deduction under section 35(2AB) of the Income-tax Act, 1961. The Tribunal emphasized the significance of Form 3CL issued by the competent authority, which was crucial for the appellant to claim deductions for research and development expenditure. Despite the absence of Form 3CL at the assessment stage, its submission before the first appellate authority was considered valid, leading to the allowance of the deduction. en-us Tue, 16 May 2023 00:00:00 +0530 Thu, 15 Jun 2023 08:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439030 The Tribunal allowed the appeal, overturning the disallowance of Rs. 29,05,724/- claimed as deduction under section 35(2AB) of the Income-tax Act, 1961. The Tribunal emphasized the significance of Form 3CL issued by the competent authority, which was crucial for the appellant to claim deductions for research and development expenditure. Despite the absence of Form 3CL at the assessment stage, its submission before the first appellate authority was considered valid, leading to the allowance of the deduction. Case-Laws Income Tax Tue, 16 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439030