https://www.taxtmi.com/caselaws?id=381703 ITAT held that the deduction under section 10AA must be allowed. The tribunal applied the Calcutta High Court ratio to hold that delayed filing of the audit report in Form 56F during assessment did not bar the claim; the AO's technical disallowance of forex loss under section 37(1) did not create a statutory bar under section 80A(5). The tribunal found the assessed profits related to SEZ business and directed the AO to grant deduction under section 10AA, deciding in favour of the assessee. en-us Wed, 12 Jun 2019 00:00:00 +0530 Tue, 16 Sep 2025 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381703 ITAT held that the deduction under section 10AA must be allowed. The tribunal applied the Calcutta High Court ratio to hold that delayed filing of the audit report in Form 56F during assessment did not bar the claim; the AO's technical disallowance of forex loss under section 37(1) did not create a statutory bar under section 80A(5). The tribunal found the assessed profits related to SEZ business and directed the AO to grant deduction under section 10AA, deciding in favour of the assessee. Case-Laws Income Tax Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381703