Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Capitalized R&D expenditure can be claimed u/s 35(1)(iv) if disallowed u/s 35(2AB): ITAT
Income Tax
The ITAT has held that capitalized R&D expenditure can be claimed under Section IV if disallowed under Section AB. This ruling provides clarity on the treatment of R&D expenses for tax purposes. It clarifies the conditions under which capitalized R&D expenditure can be claimed as a deduction.
