https://www.taxtmi.com/caselaws?id=449957 ITAT Chennai allowed the assessee's appeal regarding deduction u/s 80IA where Form 10CCB was not e-filed within the due date. Following SC precedent in G.M. Knitting Industries and HC decisions, the tribunal held that filing audit reports with returns is directory, not mandatory, and compliance is satisfied if filed before assessment completion. The tribunal directed the AO to allow the deduction. Additionally, disallowance u/s 36(i)(va) for late PF payment was remanded for verification to avoid double disallowance, as the assessee had already offered this adjustment suo-moto in income computation. en-us Tue, 20 Feb 2024 00:00:00 +0530 Thu, 22 Feb 2024 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449957 ITAT Chennai allowed the assessee's appeal regarding deduction u/s 80IA where Form 10CCB was not e-filed within the due date. Following SC precedent in G.M. Knitting Industries and HC decisions, the tribunal held that filing audit reports with returns is directory, not mandatory, and compliance is satisfied if filed before assessment completion. The tribunal directed the AO to allow the deduction. Additionally, disallowance u/s 36(i)(va) for late PF payment was remanded for verification to avoid double disallowance, as the assessee had already offered this adjustment suo-moto in income computation. Case-Laws Income Tax Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449957