https://www.taxtmi.com/caselaws?id=471756 Weighted deduction for research and development expenditure in a recognised, certified facility is available where the expenditure is approved and genuine. Before 1 July 2016, the absence of a prescribed format to quantify the eligible deduction meant that Form 3CL could not govern quantification; digital expenditure-wise ledgers could suffice, and objections over separate books, staff use, or technicalities did not warrant denial. Disallowance of expenditure relating to exempt income may be computed under section 14A and Rule 8D where the Assessing Officer records satisfaction, investments generate exempt income, and administrative or managerial investment activity establishes indirect expenditure, particularly where the taxpayer has made no compliant computation. en-us Wed, 09 Apr 2025 00:00:00 +0530 Wed, 16 Sep 2026 19:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471756 Weighted deduction for research and development expenditure in a recognised, certified facility is available where the expenditure is approved and genuine. Before 1 July 2016, the absence of a prescribed format to quantify the eligible deduction meant that Form 3CL could not govern quantification; digital expenditure-wise ledgers could suffice, and objections over separate books, staff use, or technicalities did not warrant denial. Disallowance of expenditure relating to exempt income may be computed under section 14A and Rule 8D where the Assessing Officer records satisfaction, investments generate exempt income, and administrative or managerial investment activity establishes indirect expenditure, particularly where the taxpayer has made no compliant computation. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471756