https://www.taxtmi.com/caselaws?id=770965 The ITAT Delhi remitted the matter back to the AO for fresh consideration regarding disallowance of expenditure for scientific research under section 35(2AB). The assessee relied on precedent arguing that section 35(2AB)(1), though prospective, would apply to pending cases where expenditure on in-house research and development facility (excluding land/building costs) was incurred in previous years relevant to assessment years beginning on or after April 1, 2021, allowing full deduction. The ITAT declined to rule on merits and ordered fresh hearing by AO. en-us Fri, 09 May 2025 00:00:00 +0530 Mon, 19 May 2025 08:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770965 The ITAT Delhi remitted the matter back to the AO for fresh consideration regarding disallowance of expenditure for scientific research under section 35(2AB). The assessee relied on precedent arguing that section 35(2AB)(1), though prospective, would apply to pending cases where expenditure on in-house research and development facility (excluding land/building costs) was incurred in previous years relevant to assessment years beginning on or after April 1, 2021, allowing full deduction. The ITAT declined to rule on merits and ordered fresh hearing by AO. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770965