Case Law Analysis
|Income Tax Appellate Tribunal
Section 35(2AB) IT Act | Form 3CL Already in AO’s Record Must Be Considered in Rectification Proceedings: ITAT Mumbai
ITAT Mumbai rules that Form 3CL issued by DSIR and already part of the Assessing Officer’s record cannot be dismissed as additional evidence in rectification proceedings under Section 154. The ruling mandates consideration of pre-existing documents for income tax deductions, impacting taxpayers relying on DSIR approvals.