Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

Claim of weighted deduction u/s 35(2AB) allowable, though Govt. approval for R&D facility was awaited

May 7, 2019[2019] 105 36 (Madras)/[2019] 263 Taxman 164 (Madras)/[2019] 419 ITR 187 (Madras)

IT: Assessee's claim of weighted deduction under section 35(2AB) for expenditure on development of "Research and Development' facility was allowable even though approval of concerned Ministry of Central Government was under consideration or awaited

IT: If regular assessment of assessee was made after amendment of provisions of section 234D with effect from 1-6-2003, then provisions of section 234D for levy of interest on excess refund amount granted under section 143(1) would become applicable, even though assessment period may be prior to said date of amendment
Best view in 1140 x 768