https://www.taxtmi.com/caselaws?id=772304 The SC addressed two key issues regarding Section 10AA deduction under the Income Tax Act. The court ruled that delayed filing of Form 56F is a procedural lapse and does not invalidate the deduction claim. The filing of Form 56F was deemed directory, not mandatory, allowing the assessee to claim the deduction despite late submission of the audit report. The court emphasized substantive compliance over strict procedural adherence. en-us Tue, 03 Jun 2025 00:00:00 +0530 Fri, 06 Jun 2025 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772304 The SC addressed two key issues regarding Section 10AA deduction under the Income Tax Act. The court ruled that delayed filing of Form 56F is a procedural lapse and does not invalidate the deduction claim. The filing of Form 56F was deemed directory, not mandatory, allowing the assessee to claim the deduction despite late submission of the audit report. The court emphasized substantive compliance over strict procedural adherence. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772304