R&D expenditure which is approved by DSIR only would be eligible for weighted deduction

IN THE ITAT HYDERABAD BENCH ‘B’ Electronics Corpn. of India Ltd. Versus Assistant Commissioner of Income-tax [ASSESSMENT YEAR 2007-08] SEPTEMBER 25, 2012 ORDER Smt. Asha Vijayaraghavan, Judicial Member Both these appeals are cross appeals directed against the order of the CIT(A) dated 23.3.2011 for the assessment year 2007-08. ITA NO. 1106/Hyd/2011 – appeal by the assessee 2. Facts of the case in relation to the issue in brief are that the assessee-company is a Central Public Sector Undertaking and is engaged in business of manufacture and sale of electronic ...