https://www.taxtmi.com/caselaws?id=762844 The ITAT allowed the assessee's appeal, overturning the decision of the CIT (A) which denied the deduction under section 80IC of the Income-tax Act, 1961, due to delayed submission of Form 10CCB. The Tribunal emphasized the importance of filing Form 10CCB before the completion of assessment proceedings under section 143(1) and found the facts analogous to previous cases where similar claims were permitted. The Tribunal distinguished the Revenue's arguments related to a different section, affirming the deduction based on the specific provisions of section 80IC, thus ruling in favor of the assessee. en-us Thu, 05 Dec 2024 00:00:00 +0530 Sat, 07 Dec 2024 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762844 The ITAT allowed the assessee's appeal, overturning the decision of the CIT (A) which denied the deduction under section 80IC of the Income-tax Act, 1961, due to delayed submission of Form 10CCB. The Tribunal emphasized the importance of filing Form 10CCB before the completion of assessment proceedings under section 143(1) and found the facts analogous to previous cases where similar claims were permitted. The Tribunal distinguished the Revenue's arguments related to a different section, affirming the deduction based on the specific provisions of section 80IC, thus ruling in favor of the assessee. Case-Laws Income Tax Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762844