https://www.taxtmi.com/highlights?id=74660 Weighted deduction u/s 35(2AB) - Tribunal has noted that, Revenue expenditure which was not approved for weighted deduction by DSIR was directed to be allowable as Revenue expenditure under section 37 of the Act while computing the income of the assessee by the ld. CIT (Appeals) - AO has not questioned the genuineness and allowability of these expenses - Consequently, the tribunal sustained the order of CIT(A) en-us Tue, 06 Feb 2024 17:51:56 +0530 Tue, 06 Feb 2024 22:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74660 Weighted deduction u/s 35(2AB) - Tribunal has noted that, Revenue expenditure which was not approved for weighted deduction by DSIR was directed to be allowable as Revenue expenditure under section 37 of the Act while computing the income of the assessee by the ld. CIT (Appeals) - AO has not questioned the genuineness and allowability of these expenses - Consequently, the tribunal sustained the order of CIT(A) Highlights Income Tax Tue, 06 Feb 2024 17:51:56 +0530 https://www.taxtmi.com/highlights?id=74660