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In the result, all the three appeals filed by the assessee are allowed
Bench: Shri Bhavnesh Saini & Shri O.P. Kant
disallowed by the Assessing Officer and the Ld. CIT(A). According to the Ld. counsel, said claim of weighted deduction under section 35(1) of the Act was made under the bonafide belief that the institution to which grants were made i.e. M/s The Petroleum Conservation Research Association, New Delhi, was entitled as approved scientific research Association under section 35