The Mumbai Bench of the Income Tax Appellate Tribunal in the case of ACIT v M/s Crompton Greaves Ltd. held that deduction of Scientific Research Expenditure disallowed without application of mind was allowed. With respect to the first issue, the assessee had incurred in-house Scientific Research expenditure (capital and revenue) wherein it had claimed weighted […]
The post ITAT allows Deduction u/s 35(2)(AB) which was disallowed by CIT on the Ground of Non-Application of Mind [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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