https://www.taxtmi.com/caselaws?id=430754 The Court ruled in favor of the assessee, setting aside the previous orders of the Income Tax Appellate Tribunal. It directed the assessing officer to allow the deduction claimed under Section 80IA, emphasizing that procedural lapses in filing audit reports could be cured during assessment proceedings. The Court found that the amendment introduced by the Finance Act, 2020 did not apply to the assessment year 2014-15, and the Tribunal erred in not considering this aspect. The decision underscored the importance of procedural fairness and proper interpretation of tax laws. en-us Tue, 22 Nov 2022 00:00:00 +0530 Wed, 25 Oct 2023 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430754 The Court ruled in favor of the assessee, setting aside the previous orders of the Income Tax Appellate Tribunal. It directed the assessing officer to allow the deduction claimed under Section 80IA, emphasizing that procedural lapses in filing audit reports could be cured during assessment proceedings. The Court found that the amendment introduced by the Finance Act, 2020 did not apply to the assessment year 2014-15, and the Tribunal erred in not considering this aspect. The decision underscored the importance of procedural fairness and proper interpretation of tax laws. Case-Laws Income Tax Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430754