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ITAT allowed the taxpayer's appeal, set aside the CIT(A) order and directed the AO to grant the Chapter VIA deduction under s.80IE, holding that delayed filing of Form No.10CCB constitutes a procedural irregularity rather than a substantive statutory bar. The Tribunal found the Form was filed online prior to processing under s.143(1) and that such belated compliance may be cured at a subsequent stage. The ITAT relied on precedent supporting acceptance of post-filing submission of Form No.10CCB during assessment proceedings and concluded that the late filing did not disentitle the taxpayer from the tax benefit; matter remitted for compliance with this directive.
ITAT allowed the taxpayer's appeal, set aside the CIT(A) order and directed the AO to grant the Chapter VIA deduction under s.80IE, holding that delayed filing of Form No.10CCB constitutes a procedural irregularity rather than a substantive statutory bar. The Tribunal found the Form was filed online prior to processing under s.143(1) and that such belated compliance may be cured at a subsequent stage. The ITAT relied on precedent supporting acceptance of post-filing submission of Form No.10CCB during assessment proceedings and concluded that the late filing did not disentitle the taxpayer from the tax benefit; matter remitted for compliance with this directive.
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