https://www.taxtmi.com/caselaws?id=451037 The ITAT Rajkot remanded a case back to CIT(A) for fresh consideration regarding deduction under section 80IA. The assessee's claim was initially rejected by AO for non-filing of Form 10CCB with return of income. CIT(A) allowed the deduction, holding that filing Form 10CCB within specified date under section 80IA(7) is directory, not mandatory. However, ITAT found CIT(A)'s order non-speaking, lacking analysis of relevant judicial precedents including Supreme Court's Wipro Ltd. judgment. The matter was restored to CIT(A) for de-novo consideration. Department's appeal was allowed for statistical purposes. en-us Fri, 23 Feb 2024 00:00:00 +0530 Tue, 19 Mar 2024 08:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451037 The ITAT Rajkot remanded a case back to CIT(A) for fresh consideration regarding deduction under section 80IA. The assessee's claim was initially rejected by AO for non-filing of Form 10CCB with return of income. CIT(A) allowed the deduction, holding that filing Form 10CCB within specified date under section 80IA(7) is directory, not mandatory. However, ITAT found CIT(A)'s order non-speaking, lacking analysis of relevant judicial precedents including Supreme Court's Wipro Ltd. judgment. The matter was restored to CIT(A) for de-novo consideration. Department's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451037