https://www.taxtmi.com/caselaws?id=769523 SC analyzed the legal issues surrounding late filing of Audit Report in Form 10CCB under section 80IC of Income Tax Act. The court held that delay in filing is directory, not mandatory, especially during Covid-19 pandemic. The Supreme Court's limitation extension effectively condoned procedural delays. The Assessing Officer must verify substantive compliance with section 80IC conditions before disallowing deduction. The appeal was allowed, directing verification of all conditions for claiming deduction. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769523 SC analyzed the legal issues surrounding late filing of Audit Report in Form 10CCB under section 80IC of Income Tax Act. The court held that delay in filing is directory, not mandatory, especially during Covid-19 pandemic. The Supreme Court's limitation extension effectively condoned procedural delays. The Assessing Officer must verify substantive compliance with section 80IC conditions before disallowing deduction. The appeal was allowed, directing verification of all conditions for claiming deduction. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769523