This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
DSIR’s Partial Approval Cannot Restrict Pre-2016 R&D Deduction Claim: ITAT Chennai
Case Law Details
- Case Name
- DCIT Vs Rane Brake Lining Ltd. (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs Rane Brake Lining Ltd. (ITAT Chennai)
ITAT Allows Full Section 35(2AB) Deduction Because DSIR Approval Applies to Facility, Not Expense Quantification; ITAT Rejects Revenue Challenge to Weighted R&D Deduction Due to Approved In-House Facility; MTM Forex Loss Held Allowable as Business Expenditure: ITAT Dismisses Revenue Appeal; Foreign Exchange Fluctuation Losses Not Contingent in Nature.
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, dismissed the Revenue’s appeal against the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2011-12...
Author Info
