https://www.taxtmi.com/caselaws?id=764838 ITAT Pune allowed the appeal regarding R&D expenditure deduction under section 35(2AB). The tribunal held that the entire R&D expenditure incurred in India is eligible for weighted deduction under section 35(2AB), contrary to the revenue's contention that deduction should be limited to DSIR-approved amounts. Revenue R&D expenditure incurred outside India was already allowed during assessment, while capital R&D expenditure incurred outside India was held eligible for deduction under section 35(1)(iv). The decision followed the tribunal's earlier ruling in the same assessee's case. en-us Wed, 15 Jan 2025 00:00:00 +0530 Sat, 18 Jan 2025 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764838 ITAT Pune allowed the appeal regarding R&D expenditure deduction under section 35(2AB). The tribunal held that the entire R&D expenditure incurred in India is eligible for weighted deduction under section 35(2AB), contrary to the revenue's contention that deduction should be limited to DSIR-approved amounts. Revenue R&D expenditure incurred outside India was already allowed during assessment, while capital R&D expenditure incurred outside India was held eligible for deduction under section 35(1)(iv). The decision followed the tribunal's earlier ruling in the same assessee's case. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764838