Approved in-house R&D facility was entitled to claim sec. 35(2AB) deduction for both capital as well as revenue exp.

INCOME TAX : Assessee, engaged in business of manufacturing, export and import of silk fabrics, was eligible for weighted deduction under section 35(2AB) in respect of revenue expenditure incurred on in-house research and development facility, which was duly approved by competent authority

from www.taxmann.com Latest Case Laws https://ift.tt/2IDFKBm