https://www.taxtmi.com/caselaws?id=448594 ITAT Delhi addressed three issues in this case. For deduction u/s 35(2AB) regarding scientific research expenditure, the Tribunal noted that approval by DSIR was not obtained and a related matter concerning R&D Centre exclusion was pending before Delhi HC. Following judicial discipline, ITAT restored the matter to AO for re-computation after HC decision. Regarding depreciation on goodwill disallowance, ITAT directed AO to delete the addition and allow depreciation following consistent precedent from assessee's own case. For additional depreciation claim at 10%, ITAT remanded the matter to AO for merit consideration, following coordinate bench reasoning from earlier years, as revenue provided no distinguishing material. en-us Mon, 20 Nov 2023 00:00:00 +0530 Tue, 23 Jan 2024 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448594 ITAT Delhi addressed three issues in this case. For deduction u/s 35(2AB) regarding scientific research expenditure, the Tribunal noted that approval by DSIR was not obtained and a related matter concerning R&D Centre exclusion was pending before Delhi HC. Following judicial discipline, ITAT restored the matter to AO for re-computation after HC decision. Regarding depreciation on goodwill disallowance, ITAT directed AO to delete the addition and allow depreciation following consistent precedent from assessee's own case. For additional depreciation claim at 10%, ITAT remanded the matter to AO for merit consideration, following coordinate bench reasoning from earlier years, as revenue provided no distinguishing material. Case-Laws Income Tax Mon, 20 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448594