https://www.taxtmi.com/caselaws?id=771377 The ITAT Ahmedabad allowed the assessee's appeal on three issues. First, regarding R&D expenses under section 35(2AB), the tribunal held that the AO erred in curtailing weighted deduction claims for non-submission of Form 3CL report, as no prescribed procedure existed before the 2016 amendment. The disallowance was made without proper application of mind. Second, disallowance under section 40A(2)(b) for commission payments was deleted, following precedent from the preceding year with identical facts. Third, depreciation on electrical installations was allowed at 15% as plant and machinery rather than 10% as furniture and fittings, since the installations had no independent use and were laid solely for machinery installation purposes. en-us Thu, 15 May 2025 00:00:00 +0530 Sat, 24 May 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771377 The ITAT Ahmedabad allowed the assessee's appeal on three issues. First, regarding R&D expenses under section 35(2AB), the tribunal held that the AO erred in curtailing weighted deduction claims for non-submission of Form 3CL report, as no prescribed procedure existed before the 2016 amendment. The disallowance was made without proper application of mind. Second, disallowance under section 40A(2)(b) for commission payments was deleted, following precedent from the preceding year with identical facts. Third, depreciation on electrical installations was allowed at 15% as plant and machinery rather than 10% as furniture and fittings, since the installations had no independent use and were laid solely for machinery installation purposes. Case-Laws Income Tax Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771377