Section 35(2AB) R&D deduction cannot be denied merely because DSIR approval was granted in a subsequent assessment year.
Section 35(2AB) R&D deduction cannot be denied merely because DSIR approval was granted in a subsequent assessment year. Issue Whether an assessee is entitled to weighted deduction under Section 35(2AB) for in-house R&D expenditure from the current assessment year when the application was submitted during the relevant year but formal DSIR approval was granted in… Read More »