ITAT: Expenditure on outsourced Clinical trials not eligible u/s35(2AB)

Expenditure incurred on outsourcing of the clinical trials by "an approved R&D facility" is not eligible for the weighted deduction for R&D under section 35(2AB) of the Income-tax Act

Jan 12,2011

ITAT: Payment for reassembling and commissioning: not covered under Fees for technical services.

Payment to an Italian company for "reassembling and commissioning" of the machines in India is not taxable in India

Jan 13,2011

ITAT: Credit for TDS and Refund of TDS

Credit for TDS cannot be denied upon subsequent refund of TDS to deductor

Jan 14,2011