No denial of scientific research deduction allowed for procedural delay when DSIR approval existed: ITAT deleted ₹2.07 Crore disallowance

Sri Rama Agri Genetics (India) Pvt. Ltd. Vs DCIT (ITAT Hyderabad) Conclusion: A belated filing of Form 3CLA was a curable procedural defect and could not deprive an assessee of weighted deduction under section 35(2AB) where the substantive conditions for allowance of the deduction stand fulfilled. Technical lapses could not eclipse statutory benefits. Held: Assessee-company engaged in production and marketing of genetically improved seeds claimed weighted deduction under section 35(2AB) amounting to ₹2.07 crore towards expenditure incurred on in-house scientific research and development. Du...