Income tax deduction u/s 35(2AB) can be invoked only if the R&D facility is in India
- Kamal Nandan
- May 27, 2022
- 1 min read
The Pune bench Income Tax Appellate Tribunal (ITAT) has held that deduction u/s 35(2AB) can allow only for expenditure incurred R&D facility in India. These deduction are provided to only those companies which have received DSIR recognition for their in-house R&D center.
Comments