2026 (3) TMI 1660

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....MAHAVIR SINGH, VP: This appeal by the Revenue is arising out of the order of the Ld. NFAC, Delhi in Appeal No. NFAC/2013-14/10412038 dated 04.07.2025. Assessment was framed by the DCIT, Circle 2, Noida for the assessment year 2014-15 u/s. 143(3) of the Income Tax Act, 1961 (hereinafter referred as 'Act') vide order dated 28.12.2016. The solitary ground raised by the Revenue reads as under:- ....

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....ls of attachment filed with the return of income as downloaded from the AST system, no attachment of audit report in Form 10CCB for deduction u/s. 80IA is available. Accordingly, AO noted that assessee failed to fulfil the conditions as prescribed u/s. 80IA(7) of the Act, hence, its claim for deduction of Rs. 10,12,56,400/- u/s. 80IA is not admissible, and thus rejected. Against the said action of....

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....R and perused the records. We find that AO has disallowed deduction of Rs. 10,2,56,400/- claimed by the assessee u/s. 80IA(4) on the ground that the assessee had not furnished the Form 10CCB in accordance with the provisions of Section 80IA(7) of the Act. We note that it was the contention of the assessee before the Ld. CIT(A) that during the year under consideration, the assessee had duly furnish....