ThynkTax /Tax Reference /Case Laws /Infosys - R&D weighted deduction

Infosys - R&D weighted deduction

Income Tax Appellate Tribunal·2022·ITR
Facts

Weighted deduction under Section 35(2AB) for in-house R&D.

Issue

DSIR approval scope and timing.

Held

DSIR approval covers the eligible expenditure; clawback for non-utilised approval is allowed only if approval is withdrawn.

Ratio

Weighted-deduction scheme is governed by DSIR approval as the gate.

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