https://www.taxtmi.com/caselaws?id=314266 The ITAT Ahmedabad ruled in favor of the assessee regarding weighted deduction under section 35(2AB) for scientific research expenditure. The Department had restricted the deduction to amounts approved by DSIR in Form 3CL. The tribunal held that for assessment years 2014-15 and 2015-16, which were prior to the April 1, 2016 amendment, the prescribed authority was only required to approve research activities, not quantify eligible expenditure. Therefore, the assessee was entitled to claim weighted deduction on all expenditure incurred on in-house research and development facility as claimed in profit and loss accounts. en-us Wed, 23 Aug 2023 00:00:00 +0530 Tue, 26 May 2026 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314266 The ITAT Ahmedabad ruled in favor of the assessee regarding weighted deduction under section 35(2AB) for scientific research expenditure. The Department had restricted the deduction to amounts approved by DSIR in Form 3CL. The tribunal held that for assessment years 2014-15 and 2015-16, which were prior to the April 1, 2016 amendment, the prescribed authority was only required to approve research activities, not quantify eligible expenditure. Therefore, the assessee was entitled to claim weighted deduction on all expenditure incurred on in-house research and development facility as claimed in profit and loss accounts. Case-Laws Income Tax Wed, 23 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314266