https://www.taxtmi.com/caselaws?id=779226 ITAT Mumbai (AT) allowed the appeal in part. The disallowance under s.36(1)(iii) for interest on advances to related concerns was deleted, following coordinate bench precedent and finding shareholders' funds exceeded interest-free advances. The claim under s.35(2AB) for in-house R&D was accepted in principle despite the certificate being signed by Scientist G; the matter was remitted to the AO for verification and quantification of the eligible deduction. Additions under s.69C were rejected. en-us Mon, 20 Jan 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779226 ITAT Mumbai (AT) allowed the appeal in part. The disallowance under s.36(1)(iii) for interest on advances to related concerns was deleted, following coordinate bench precedent and finding shareholders' funds exceeded interest-free advances. The claim under s.35(2AB) for in-house R&D was accepted in principle despite the certificate being signed by Scientist G; the matter was remitted to the AO for verification and quantification of the eligible deduction. Additions under s.69C were rejected. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779226