Amount spent on clinical trials outside approved-in-house facility eligible for weighted deduction u/s 35(2AB)

Lupin Limited Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that the amount spent by the assessee on clinical trials outside the approved in-house facility is eligible for weighted deduction u/s 35(2AB) of the Act.

Facts- During the course of search, Shri Mahesh R. Sanur, the cashier of the assessee company admitted in his statement that the company has given cheque payments to a commission agent named M/s Versatile Vintrade P Ltd and received cash back from the above said person

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