CORPORATE AND PROFESSIONAL UPDATES 20th MAY 2018
Direct Tax: Pune ITAT rejects Revenue’s plea for AY 2009-10 that deduction with respect to Research & Development (R&D) expenditure u/s 35(2AB) is restricted only to the extent of approval granted by Department of Industrial and Scientific Research (DSIR) in form No.3CL; ITAT clarifies that prior to amendment of IT (Tenth Amendment) Rules, 2016, DSIR …