https://www.taxtmi.com/caselaws?id=754044 The ITAT Ahmedabad allowed the assessee's appeal against revision u/s 263 regarding disallowance of deduction u/s 10AA. While the assessee filed Form 56F audit report belatedly rather than with the return, the tribunal held that since the form was filed before revenue authorities and the AO had access to it when passing the assessment order, the belated filing should not disqualify the deduction. The tribunal distinguished the SC decision in PCIT vs. Wipro, noting that unlike in Wipro where no audit report was filed, here the assessee had filed Form 56F. For AY 2012-13, the requirement was directory, not mandatory. en-us Wed, 12 Jun 2024 00:00:00 +0530 Fri, 14 Jun 2024 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754044 The ITAT Ahmedabad allowed the assessee's appeal against revision u/s 263 regarding disallowance of deduction u/s 10AA. While the assessee filed Form 56F audit report belatedly rather than with the return, the tribunal held that since the form was filed before revenue authorities and the AO had access to it when passing the assessment order, the belated filing should not disqualify the deduction. The tribunal distinguished the SC decision in PCIT vs. Wipro, noting that unlike in Wipro where no audit report was filed, here the assessee had filed Form 56F. For AY 2012-13, the requirement was directory, not mandatory. Case-Laws Income Tax Wed, 12 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754044