AMD INDIA PRIVATE LIMITED,BANGALORE vs. ITO, BANGALORE

In the result, the appeal of the Assessee is partly allowed

Bench: Shri N.V. Vasudevan & Shri Abraham P. George

house R&D centre expenditure at Hyderabad under section 35(2AB) of the Income Tax Act.” ii. As per the Notes to Accounts - Schedule 15, under “Deferred Revenue Expenditure” (page 31 of PB-II), it is mentioned that, “Expenditure incurred on research and development of new products has been treated as deferred revenue expenditure and the same has been written