Weighted deduction available on all expenditure incurred on in-house research & development facility

Pharmanza Herbal Private Ltd. Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that assessee is entitled to claim weighted deduction on all expenditure incurred by it, on in-house research & development facility. Accordingly, restricting claim of weighted deduction u/s 35(2AB) to the extent approved by the prescribed authority i.e. DSIR unjustified. Facts- In the present case, the assessee briefly pointed out that in terms of section 35(2AB) of the Act the assessee is entitled to weighted deduction at the rate of 200% on account of expenditure incurred on scientific research in in-house resear...