ITAT Jaipur says Delayed Form 10CCB Filing Does Not Defeat Section 80-IA Deduction

ITAT Jaipur held that delayed furnishing of Form 10CCB does not, by itself, disentitle an assessee from claiming deduction under Section 80-IA. The Tribunal distinguished the mandatory requirement of having the eligible undertaking's accounts audited from the requirement to furnish the audit report along with the return, which it treated as directory. Since the audit report was furnished before the return was processed under Section 143(1), the Tribunal directed the Assessing Officer to allow the deduction.