Audit report for deductions under section 80 IA requires Form No.10CCB and specified supporting accounts and approvals. The substituted Rule 18BBB mandates that audit reports to claim deductions under the relevant income tax provisions be furnished in Form No. 10CCB, with a separate report for each undertaking accompanied by that undertaking's Profit & Loss Account and Balance Sheet. Infrastructure enterprises must attach the governmental agreement; other eligible businesses must attach the relevant approval or permission. The auditor, who must be a chartered accountant or an eligible company auditor, must certify that the undertaking meets statutory conditions and state reasons for any negative answers or qualifications.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit report for deductions under section 80 IA requires Form No.10CCB and specified supporting accounts and approvals.
The substituted Rule 18BBB mandates that audit reports to claim deductions under the relevant income tax provisions be furnished in Form No. 10CCB, with a separate report for each undertaking accompanied by that undertaking's Profit & Loss Account and Balance Sheet. Infrastructure enterprises must attach the governmental agreement; other eligible businesses must attach the relevant approval or permission. The auditor, who must be a chartered accountant or an eligible company auditor, must certify that the undertaking meets statutory conditions and state reasons for any negative answers or qualifications.
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