If deduction for R&D expenses is claimed under Section 35(2ab) , could the same expenses be apportioned to valuation of intangible assets (AS 26) and subsequent amortization?
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Intangible assets
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Please note that under the IT act double deduction of expenses is not allowed. IF you claiming an expenditure under one section, then the same deduction cannot be claimed under another section of the act.
Hence R&D expenses cannot be claimed again by way of amortization
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