related expenses outside India as eligible for
weighted tax u/s.35 (2AB) of the I.T. Act, The explanation inserted
under clause ... 35(2AB) stated that;
Explanation - for the purposed of this clause, "Expenditure on
scientific research", in relation to drugs and pharmaceuticals, shall
include
Appellant company.
5. a. in confirming disallowance of deduction u/s.35(2AB) on
"Product development expenses of Rs.2,25,42,606/- related ... approval of in-house R&D facility y/s.35(2AB) , i.e.
before 03-08-2010.
b. in not allowing the weighted deduction
approved by the prescribed authority. Deduction u/s.35(1)(i) and
Sec.35(2AB) of the Act are similar except that the deduction ... expenditure on scientific research. Deduction u/s.35(1)(i) and
Sec.35(2AB) of the Act are similar except that the deduction
sheet, it was noticed that the assessee claimed
deduction u/s 35(2AB ... avail weighted deduction u/s
35(2AB) the assessee had to submit the form 3CM order of approval of
in-house research and development facility
claim of weighted deduction,made by the
assessee u/s.35(2AB)of the Act.In order to examine the correctness of the claim necessary ... respect
of expenditure on scientific research,that deduction u/s. 35 (2AB) was introduced with a very
specific purposei.e., to promote in-house research
erred in allowing the weighted deduction u/s 35(2AB)
of the IT Act, 1961 in respect of the expenditure incurred in connection
with ... involved for the purpose of weighted deduction u/s 35(2AB) in the
case of Cadila Healthcare Ltd which is still pending before
erred in denying the claim of weighted deduction u/s 35(2AB)
@ 150% of Rs 22.09 lacs without appreciating the detailed submission of the
appellant ... ought to have
allowed the claim of weighted deduction u/s 35(2AB) as claimed by the appellant.
6. The Ld. CIT (A) grossly erred
Strides Arcolab Ltd, Navi Mumbai vs Asst Cir 10(3), Mumbai on 8 June, 2018
normal (100%) deduction u/s
35(1) upon rejecting the assessee‟s claim for weighted deduction u/s.
35(2AB) of the Act.
11. Initiation ... section
35(1)(i) of the Act and in section 35(2B) of the Act. However, for the purpose
of section 35(2AB
computation of income and deliberately
only section 35 was mentioned and section 35(2AB) was not mentioned.
It has been pointed out that under section ... also eligible for the deduction u/s
35(1)(iv) rather than UI/s 35(2AB). It is clarified and held by me
in para
