DCIT, CHENNAI vs. M/S. I.P. RINGS LTD., CHENNAI
In the result, the appeal of the Revenue in ITA
ITA 3538/CHNY/2018[2012-13]Status: DisposedITAT Chennai28 Nov 2019AY 2012-13
Bench: Shri George Mathan & Shri Inturi Rama Rao
For Appellant: Shri. R.Vijayaraghavan, AdvFor Respondent: Ms. R. Anitha, IRS, JCIT
Section 115JSection 143(3)Section 35
Section 35(2AB). In view of the above, the action of the
ITA Nos.3500 &3538/2018
:- 8 -:
assessing officer in denying the deduction u/s 35(2AB) with respect to the expenses not approved by DSIR to the tune of Rs.11,31,458/- is held to be legally valid and thus upheld’’.
The order of the ld. CIT(A) is well reasoned