2012 (7) TMI 1094

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....iled this appeal for assessment year 2005-06 against order dated 19.5.2009 of ld CIT(A), Mumbai on the ground that ld CIT(A) has erred to disallow weighted deduction u/s.35(2AB) of the Act in respect of capital expenditure of ₹ 4,06,34,734 incurred in research and development on the ground that assessee did not furnish approval from the Secretary, DSIR in Form 3CM. 2. At the time of hearing....

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....ndustries Ltd., received approval under section 35(2AB) for the period 6.7.2001 to 31.3.2012 from DSIR vide certificate dated 5.8.2011 in Form 3CM and referred page 27 of PB. Ld A.R. submitted that the matter may be restored to AO as the assessee is expecting to get the approval at any time from DSIR in the prescribed form and the AO be directed to grant deduction to the assessee u/s.35(2AB) of th....