Section 80IA deduction sustained where Form 10CCB was filed with the return and revised return.

Section 80IA deduction could not be disallowed for alleged non-furnishing of Form 10CCB where the record showed the audit report had been filed with the return and revised return. The assessment records themselves reflected filing on the relevant dates, so the finding that the report was not furnished was not accepted. On that basis, the deduction claim was wrongly disallowed and the Revenue's challenge failed.

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Issues: Whether the assessee was entitled to deduction under Section 80IA when the audit report in Form 10CCB was stated to have been filed with the return and revised return, and whether the disallowance for non-furnishing of the report was sustainable.

Analysis: The dispute turned on compliance with the requirement under Section 80IA(7) of the Income-tax Act, 1961. The record showed that the assessee had furnished Form 10CCB with the returns, including the revised return, and the assessment records themselves reflected filing of the form on the relevant dates. In these circumstances, the finding that the audit report had not been furnished was not accepted, and the deduction claim was held to have been wrongly disallowed.

Conclusion: The deduction under Section 80IA was rightly allowed, and the Revenue's challenge failed.

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