https://www.taxtmi.com/caselaws?id=468954 Weighted deduction for in-house R&D under section 35(2AB) required factual verification where Form 3CL and the amended rule framework did not fully quantify eligible expenditure, so remand was considered appropriate. Dealer incentives, gift articles, Colour Idea Stores and business promotion expenses were treated largely as revenue expenditure on a principal-to-principal model. Disallowance under section 14A read with rule 8D depended on recording proper satisfaction and was not automatic. Provision for doubtful debts was treated as an allowable write-off, including for section 115JB. Prior period expenditure required crystallisation verification, while sundry balances written off were allowed. Deemed section 50 gains could be set off against brought forward long-term capital loss, and CSR-linked donations could still qualify for section 80G. en-us Fri, 26 Jul 2024 00:00:00 +0530 Tue, 26 May 2026 11:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468954 Weighted deduction for in-house R&D under section 35(2AB) required factual verification where Form 3CL and the amended rule framework did not fully quantify eligible expenditure, so remand was considered appropriate. Dealer incentives, gift articles, Colour Idea Stores and business promotion expenses were treated largely as revenue expenditure on a principal-to-principal model. Disallowance under section 14A read with rule 8D depended on recording proper satisfaction and was not automatic. Provision for doubtful debts was treated as an allowable write-off, including for section 115JB. Prior period expenditure required crystallisation verification, while sundry balances written off were allowed. Deemed section 50 gains could be set off against brought forward long-term capital loss, and CSR-linked donations could still qualify for section 80G. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468954