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Deduction u/s 80IB and 80IC corresponding to allocation of R&D expenditure allowed

Case Law Details

Case Name : DCIT Vs Macleods Pharmaceuticals Ltd (ITAT Mumbai)
Appeal Number : ITA Nos. 5168 &
Date of Judgement/Order : 5169/Mum/2018
Related Assessment Year : 31/01/2023
Courts : All ITAT ITAT Mumbai
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DCIT Vs Macleods Pharmaceuticals Ltd (ITAT Mumbai)

ITAT Mumbai held that disallowance for deduction under section 80IB and 80IC of the Income Tax Act corresponding to the allocation of R&D expenditure is deleted.

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Name: POONAM GANDHI
Qualification: CA in Practice
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Location: AHMEDABAD, Gujarat, India
Member Since: 14 Feb 2019 | Total Posts: 5651
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