Audit report deadline for section 80-IA deductions now requires furnishing the audit report by the specified date to claim deduction. Deduction under section 80-IA is conditional on the undertaking's accounts being audited by an accountant as defined under the Explanation to section 288 and the audit report being furnished before the specified date referred to in section 44AB; failure to complete and furnish the audit by that specified date renders the deduction not admissible.
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Provisions expressly mentioned in the judgment/order text.
Audit report deadline for section 80-IA deductions now requires furnishing the audit report by the specified date to claim deduction.
Deduction under section 80-IA is conditional on the undertaking's accounts being audited by an accountant as defined under the Explanation to section 288 and the audit report being furnished before the specified date referred to in section 44AB; failure to complete and furnish the audit by that specified date renders the deduction not admissible.
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