Section 35(2AB) Deduction for Scientific research expenditure- ITAT restores file to PCIT

Botil Oil Tools (I) Pvt. Ltd. Vs PCIT (ITAT Delhi)

Facts of the case, in brief, are that the assessee is a company engaged in the business of manufacturing Oil Field Drilling and Production Equipment, which are used for drilling the Wells to pull out the oil from the wells. It filed its return of income 30.11.2012 declaring an income of Rs.12,04,31,650/-. This case was selected for scrutiny through CASS for examining the details in complete manner with specific emphasis to examine the deduction claimed under section 35, 35(2

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