Absence of Form 3CL Alone Cannot Justify Denial of Weighted Deduction for R&D Expenditure: ITAT

ITAT ruled that the absence of Form 3CL alone cannot justify the denial of weighted deduction for R&D expenditure. This decision clarifies the requirements for R&D deductions. It underscores the importance of considering overall evidence. This ruling reflects the tribunal's emphasis on fairness. It emphasizes the need for comprehensive assessments. The ruling aims to prevent unjustified denials.