Monday, March 15, 2021

No denial of Sec. 35(2AB) deduction prior to 01-06-2016 on failure to file Form 3CL in respect of exp. incurred

INCOME TAX : Prior to 1-6-2016, only requirement to claim deduction under section 35(2AB) was to receive recognition from prescribed authority, since said recognition was obtained by assessee on 26-3-2013, deduction could not be denied merely because prescribed authority failed to send intimation in Form 3CL in respect of expenditure incurred by Ramp;D unit for relevant assessment year

from www.taxmann.com Latest Case Laws https://ift.tt/3eDkmgs
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