NIPPO BATTERIES COMPANY LTD(NOW INDO NATIONAL LTD),CHENNAI vs. ACIT, CC 4(2), CHENNAI
The appeal stand partly allowed for statistical purposes
ITA 927/CHNY/2019[2013-14]Status: DisposedITAT Chennai19 Oct 2022AY 2013-14
Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am
For Appellant: Shri R. Vijayaraghavan (Advocate)-Ld. ARFor Respondent: Shri AR. V Sreenivasan (Addl. CIT) –Ld. DR
Section 143Section 234BSection 32(1)(iia)Section 35Section 35(2)(A)Section 40Section 40ASection 40A(3)
provisions of Section 40AB of the Act u/s 40 (a)(3).
c) The weighted deduction claimed at 200% under the provisions of Section 35
(2)(A)(B) -Rs.21.89.730/-:
The appellant objects to the disallowance of Rs.21,89,730/- being 200% deduction and is eligible division towards Research and Expenditure allowable ... under the provisions of Section 35 (2)(A)(B).
The learned Officers below ought to have seen that the appellant is having
Research & Development^ Division at its factory at Nellore.
The appellant submits that the learned assessing officer erred in disallowing the basic expenditure of Rs.l0,94,865/-incurred
