https://www.taxtmi.com/caselaws?id=449676 The ITAT Delhi allowed the assessee's appeal regarding deduction of research and development expenses under Section 35(2AB). The dispute centered on whether expenditure claimed should be allowed in totality beyond DSIR-restricted allowance. Following the precedent in CLARIS LIFESCIENCES LTD., the tribunal directed the AO to verify the correctness of actual expenses incurred for in-house scientific research and development facility. If the assessee's claim is found correct, the disallowance would be deleted. The ground was allowed for statistical purposes. en-us Thu, 25 Jan 2024 00:00:00 +0530 Thu, 30 Jul 2026 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449676 The ITAT Delhi allowed the assessee's appeal regarding deduction of research and development expenses under Section 35(2AB). The dispute centered on whether expenditure claimed should be allowed in totality beyond DSIR-restricted allowance. Following the precedent in CLARIS LIFESCIENCES LTD., the tribunal directed the AO to verify the correctness of actual expenses incurred for in-house scientific research and development facility. If the assessee's claim is found correct, the disallowance would be deleted. The ground was allowed for statistical purposes. Case-Laws Income Tax Thu, 25 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449676