https://www.taxtmi.com/caselaws?id=449604 Delhi HC held that weighted deductions under Section 35(2AB) for R&D expenditure are not restricted to expenses incurred only after DSIR approval date. The court ruled that expenditure incurred before approval (from April 1, 2018) is eligible for deduction, provided the facility is subsequently recognized by DSIR. The court quashed the respondent's communications restricting benefits to post-approval expenditure and directed issuance of amended Form 3CM effective from April 1, 2018, allowing the petitioner to claim weighted deductions for pre-approval R&D facility establishment costs. en-us Tue, 13 Feb 2024 00:00:00 +0530 Wed, 29 Jul 2026 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449604 Delhi HC held that weighted deductions under Section 35(2AB) for R&D expenditure are not restricted to expenses incurred only after DSIR approval date. The court ruled that expenditure incurred before approval (from April 1, 2018) is eligible for deduction, provided the facility is subsequently recognized by DSIR. The court quashed the respondent's communications restricting benefits to post-approval expenditure and directed issuance of amended Form 3CM effective from April 1, 2018, allowing the petitioner to claim weighted deductions for pre-approval R&D facility establishment costs. Case-Laws Income Tax Tue, 13 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449604