No Section 35(2AB) Weighted deduction on R&D expense incurred outside India

Mahle Behr India Pvt. Ltd. Vs DCIT (ITAT Pune) Facts- The appellant is a company incorporated under the provisions of the Companies Act, 1956. It is engaged in the business of manufacture and sale of air conditioning systems and its part and also components thereof for its customers viz. Indica Car of Tata Motors Limited and Mahindra and Mahindra since 1999. The return of income for the assessment year 2012-13 was filed on 30.11.2012 disclosing total income of Rs.9,58,15,960/-. The appellant company also reported some international transactions. The appellant company also submitted transfer pr...