Section 35(2AB) Deduction cannot be denied for failure of authority to send intimation

PCIT Vs Schaeffler India Ltd (Gujarat High Court)

Introduction: The case of “PCIT vs. Schaeffler India Ltd” before the Gujarat High Court highlights the issue of Section 35(2AB) deduction and the significance of timely intimation. In this article, we delve into the details of the case, the arguments presented, and the court’s decision.

Detailed Analysis: The case revolves around Schaeffler India Ltd, which filed its original income tax re

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