https://www.taxtmi.com/caselaws?id=427395 The Appellate Tribunal allowed the appellant's claim for deduction under section 80-IA of the Income Tax Act, holding that filing the audit report before the completion of assessment fulfilled statutory requirements. The Tribunal overturned the lower authorities' decision, emphasizing the distinction between exemption provisions and deduction clauses as clarified by the Supreme Court. The appellant's timely filing of the audit report entitled them to the deduction, in line with judicial precedents supporting the view that audit reports can be filed before assessment completion without affecting eligibility for deductions. en-us Thu, 18 Aug 2022 00:00:00 +0530 Wed, 07 Sep 2022 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427395 The Appellate Tribunal allowed the appellant's claim for deduction under section 80-IA of the Income Tax Act, holding that filing the audit report before the completion of assessment fulfilled statutory requirements. The Tribunal overturned the lower authorities' decision, emphasizing the distinction between exemption provisions and deduction clauses as clarified by the Supreme Court. The appellant's timely filing of the audit report entitled them to the deduction, in line with judicial precedents supporting the view that audit reports can be filed before assessment completion without affecting eligibility for deductions. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427395