Brought-forward R&D losses forgone under section 35(2AB) are independently re-examinable under sections 35(1) or 37(1) for section 115BAA set-off.
Brought-forward R&D losses forgone under section 35(2AB) are independently re-examinable under sections 35(1) or 37(1) for section 115BAA set-off. Issue Whether carried-forward R&D expenditure loss, originally claimed under section 35(2AB) with weighted deduction but later forgone to actual expenditure, can be re-examined and allowed under sections 35(1)(i), 35(1)(iv), or 37(1) for set-off under the concessional… Read More »