Weighted Deduction allowable on Bio Equivalence Studies conducted outside the Approved R & D Facility: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ), has allowed weighted deduction on Bio Equivalence Studies by holding that the same amount to revenue expenditure. The bench upheld the view of the CIT(A) that the expenses incurred on drug trial outside the approved R&D facility would also be entitled to weighted […]

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