CIT Justified in Revising AO Order: Deduction Denied Without Audit Report u/s 80IA(7) and Rule 18BBB.

CIT Justified in Revising AO Order: Deduction Denied Without Audit Report u/s 80IA(7) and Rule 18BBB. https://www.taxtmi.com/highlights?id=3058 Revision u/s 263 - In view of 80IA(7) read with rule 18BBB, unless audit report of p/y is furnished no deduction is available. - CIT was justified in holding the order of the AO as erroneous in so far as it was prejudicial to the interests of Revenue. - AT en-us Wed, 29 Feb 2012 18:16:23 +0530 Wed, 29 Feb 2012 18:16:23 +0530 TaxTMI RSS Generator CIT Justified in Revising AO Order: Deduction Denied Without Audit Report u/s 80IA(7) and Rule 18BBB. https://www.taxtmi.com/highlights?id=3058 Revision u/s 263 - In view of 80IA(7) read with rule 18BBB, unless audit report of p/y is furnished no deduction is available. - CIT was justified in holding the order of the AO as erroneous in so far as it was prejudicial to the interests of Revenue. - AT Highlights Income Tax Wed, 29 Feb 2012 18:16:23 +0530 https://www.taxtmi.com/highlights?id=3058