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

May 13, 2019[2019] 105 taxmann.com 36 (Madras)
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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

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