https://www.taxtmi.com/caselaws?id=768223 ITAT Mumbai allowed assessee's appeal partially on multiple issues. Tribunal held ESOP expenses deductible under section 37(1) based on consistent departmental practice in earlier years. Clinical trial expenditure was deemed eligible for weighted deduction under section 35(2AB), but restricted to amounts in Form 3CL with balance amount remanded for verification under section 37. Disallowance under section 14A was directed to be deleted from book profit computation under section 115JB. CSR expenses were held eligible for section 80G deduction subject to verification of prescribed conditions. Several issues including business promotion expenses, section 35DD claim, inventory write-down, and TDS credit were remanded to AO for verification and appropriate treatment. en-us Thu, 20 Mar 2025 00:00:00 +0530 Thu, 03 Apr 2025 07:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768223 ITAT Mumbai allowed assessee's appeal partially on multiple issues. Tribunal held ESOP expenses deductible under section 37(1) based on consistent departmental practice in earlier years. Clinical trial expenditure was deemed eligible for weighted deduction under section 35(2AB), but restricted to amounts in Form 3CL with balance amount remanded for verification under section 37. Disallowance under section 14A was directed to be deleted from book profit computation under section 115JB. CSR expenses were held eligible for section 80G deduction subject to verification of prescribed conditions. Several issues including business promotion expenses, section 35DD claim, inventory write-down, and TDS credit were remanded to AO for verification and appropriate treatment. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768223