Income tax deduction u/s 35(2AB) can be invoked only if the R&D facility is in India

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.

Read More: https://www.taxscan.in/deduction-u-s-35-2ab-can-invoke-only-for-expenditure-incurred-rd-facility-inside-india-itat/177259/