https://www.taxtmi.com/caselaws?id=466617 For assessment years before the later amendment, the requirement to furnish an audit report in support of a Chapter VI A deduction is a directory machinery provision; thus, where the return claiming the deduction was filed within the due date and the audit report was produced before completion of assessment, the deduction under Section 80IA is allowable. The Article rejects strict compliance principles applied to exemption provisions, distinguishing Chapter III cases, and treats the post filing production of the audit report as satisfying the statutory prerequisite for the assessment year in question. en-us Wed, 26 Feb 2025 00:00:00 +0530 Fri, 13 Feb 2026 19:07:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466617 For assessment years before the later amendment, the requirement to furnish an audit report in support of a Chapter VI A deduction is a directory machinery provision; thus, where the return claiming the deduction was filed within the due date and the audit report was produced before completion of assessment, the deduction under Section 80IA is allowable. The Article rejects strict compliance principles applied to exemption provisions, distinguishing Chapter III cases, and treats the post filing production of the audit report as satisfying the statutory prerequisite for the assessment year in question. Case-Laws Income Tax Wed, 26 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466617