ITAT allowed the appeal of the Appellant and directed the...

ITAT allowed the appeal of the Appellant and directed the Assessing Officer to accept the claim for deduction under section 10AA where a revised audit report in Form 56F was filed during assessment proceedings. The Tribunal rejected the Revenue's contention that Form 56F, filed after issuance of the show-cause notice and not with the original return, disqualified the Appellant from claiming section 10AA. Relying on judicial precedents and noting the subsequent legislative amendment effective 01.04.2024 (A.Y. 2024-25) requiring return filing under section 139(1) for future claims, the Tribunal concluded no such temporal precondition existed for the year under consideration and held the Appellant entitled to deduction.