https://www.taxtmi.com/caselaws?id=327966 The HC held that the assessee was entitled to claim the deduction under Section 80IB despite the audit report being filed after the return under Section 153A, as the report was submitted before the assessment order and previously filed for the relevant AY. The denial of the benefit solely due to the timing of the audit report was incorrect. Additionally, the court upheld the allowance of deductions under Section 40A(3), affirming that disallowance would increase profits and thereby affect the deduction under Section 80IB. Both issues were decided in favor of the assessee. en-us Tue, 03 May 2016 00:00:00 +0530 Fri, 29 May 2026 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327966 The HC held that the assessee was entitled to claim the deduction under Section 80IB despite the audit report being filed after the return under Section 153A, as the report was submitted before the assessment order and previously filed for the relevant AY. The denial of the benefit solely due to the timing of the audit report was incorrect. Additionally, the court upheld the allowance of deductions under Section 40A(3), affirming that disallowance would increase profits and thereby affect the deduction under Section 80IB. Both issues were decided in favor of the assessee. Case-Laws Income Tax Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327966