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Income Tax Appellate Tribunal, HYDERABAD ‘ A ‘ BENCH, HYDERABAD.
Before: SHRI S.S. GODARA & SHRI LAXMI PRASAD SAHU
O R D E R Per Shri S.S. Godara, J.M. : This assessee’s appeal for Asst. Year 2013-14 arises from the Commissioner of Income Tax (Appeals)-5, Hyderabad’s order dt.30.06.2017 passed in case No.0076/ 2016-17/CIT(A)-5/10300/2016-17 in proceedings under Section 143(3) of Income Tax Act, 1961 (‘the Act’).
Heard both the parties. Case file perused.
The assessee's sole substantive grievance raised in the instant appeal seeks to delete section 35(2AB) weighted deduction disallowance of Rs.5.62,72,811 made in the course of assessment framed on 21.3.2016 and upheld in the CIT(A)’s lower appellate order as under :
We have heard rival submissions against and in support of the impugned section 35(2AB) weighted deduction disallowance. We find no merit in the assessee's argument since it has failed to file any approval of an in-house R&D facility granted by the DSIR in form 3CL. We therefore see no reason to interfere with the CIT(A)’s conclusion affirming the impugned disallowance.
The same stands upheld.
This assessee's appeal is dismissed.