Court Allows Tax Deduction u/s 35(2AB) Despite Missing Approval for AY 2003-2004 Due to Bureaucratic Delay.

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....Weighted deduction u/s 35(2AB) - approval for the project on which expenditure was incurred on Scientific Research was approved for the period prior and even subsequent are available but for relevant AY i.e. AY 2003-2004 was not available - assessee cannot be punished for the bureaucratic delay - deduction allowed....