https://www.taxtmi.com/caselaws?id=443057 The appeal challenging orders passed by the Principal Commissioner of Income Tax under section 263 of the Income-tax Act for A.Y. 2017-18 and 2018-19 was allowed. The issue revolved around the eligibility for claiming deduction under section 10AA of the Act. The court held that the delayed filing of the Auditor's report, considered directory, did not render the assessment order erroneous. As the Auditor's report was filed before the assessment order was passed, the grounds raised in the appeals were allowed, setting aside the impugned order. en-us Wed, 13 Sep 2023 00:00:00 +0530 Fri, 15 Sep 2023 08:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443057 The appeal challenging orders passed by the Principal Commissioner of Income Tax under section 263 of the Income-tax Act for A.Y. 2017-18 and 2018-19 was allowed. The issue revolved around the eligibility for claiming deduction under section 10AA of the Act. The court held that the delayed filing of the Auditor's report, considered directory, did not render the assessment order erroneous. As the Auditor's report was filed before the assessment order was passed, the grounds raised in the appeals were allowed, setting aside the impugned order. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443057