https://www.taxtmi.com/caselaws?id=450316 ITAT Visakhapatnam allowed the appeal regarding disallowance of weighted deduction under section 35(2AB). The assessee claimed Rs. 22.68 lakhs for in-house R&D facility expenditure, certified by Ministry of Science and Technology in Form 3CL. Although the Revenue disputed the weighted deduction due to research activity location discrepancy, ITAT directed the AO to allow the actual expenditure as regular deduction under section 35(1), noting the amount was undisputed and properly certified by the government ministry. en-us Wed, 28 Feb 2024 00:00:00 +0530 Sat, 02 Mar 2024 07:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450316 ITAT Visakhapatnam allowed the appeal regarding disallowance of weighted deduction under section 35(2AB). The assessee claimed Rs. 22.68 lakhs for in-house R&D facility expenditure, certified by Ministry of Science and Technology in Form 3CL. Although the Revenue disputed the weighted deduction due to research activity location discrepancy, ITAT directed the AO to allow the actual expenditure as regular deduction under section 35(1), noting the amount was undisputed and properly certified by the government ministry. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450316