Rejection of Additional Evidence by weighted Deduction u/s 35(2AB): ITAT directs Re-adjudication Admitting Evidences [Read Order]

In a dispute regarding the disallowance of research deduction, ITAT directs re-adjudication after admitting the new evidence
By Kavi Priya - On August 17, 2024 3:51 pm - 2 mins read
ITAT - Income Tax Appellate Tribunal - ITAT in mumbai - Rejection of Additional Evidence - Weighted Deduction - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax (Appeals) to admit the additional evidence to substantiate the claim of weighted deduction under Section 35(2AB) of the Income Tax Act, 1961 and re-adjudicate the matter on merits after verifying the additional evidence. Lumis Biotech Pvt Ltd,…

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