https://www.taxtmi.com/caselaws?id=264975 The Tribunal dismissed the Revenue's appeals for A.Ys 2009-10 and 2010-11. It held that the revised return of income by the State Public Sector Undertaking was valid for claiming deduction u/s 80IAB, despite late Form 10CCB submission. The disallowance of interest expenditure u/s 40(a)(ia) was overturned due to retrospective effect of amended provisions. While separate books of accounts were not maintained, deductions could be computed reasonably under section 80IA(10). The Tribunal emphasized the importance of proper verification and compliance with statutory requirements. en-us Fri, 04 Sep 2015 00:00:00 +0530 Mon, 05 Oct 2015 08:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264975 The Tribunal dismissed the Revenue's appeals for A.Ys 2009-10 and 2010-11. It held that the revised return of income by the State Public Sector Undertaking was valid for claiming deduction u/s 80IAB, despite late Form 10CCB submission. The disallowance of interest expenditure u/s 40(a)(ia) was overturned due to retrospective effect of amended provisions. While separate books of accounts were not maintained, deductions could be computed reasonably under section 80IA(10). The Tribunal emphasized the importance of proper verification and compliance with statutory requirements. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264975