https://www.taxtmi.com/caselaws?id=788051 Delay in furnishing a prescribed audit report in Form No. 10CCB is characterised as a procedural lapse rather than a substantive disqualification for claiming the deduction under Section 80-IAC; where the substantive eligibility conditions are met and the audit report is filed before completion of processing, the substantive deduction cannot be denied solely for belated filing. The document concludes that denial of the Section 80-IAC deduction at the processing stage on the ground of belated audit report is not warranted and the disallowance should be set aside, restoring the assessee's entitlement. en-us Thu, 12 Mar 2026 00:00:00 +0530 Mon, 16 Mar 2026 08:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788051 Delay in furnishing a prescribed audit report in Form No. 10CCB is characterised as a procedural lapse rather than a substantive disqualification for claiming the deduction under Section 80-IAC; where the substantive eligibility conditions are met and the audit report is filed before completion of processing, the substantive deduction cannot be denied solely for belated filing. The document concludes that denial of the Section 80-IAC deduction at the processing stage on the ground of belated audit report is not warranted and the disallowance should be set aside, restoring the assessee's entitlement. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788051