2013 (8) TMI 382 - HC - Income Tax

Deduction u/s 80IB - Audit report not furnished - Held that - interpretation merely permits the assessee to produce the said report even after the date of the filing of the return as passed; it does not wholly do away with the requirement of filing the report altogether - assessee having produced the necessary reports at the necessity time - Following decision of Commissioner of Income Tax vs. Berger Paints (India) Ltd. 2002 (2) TMI 97 - CALCUTTA High Court - Decided against Revenue.

Summary

The Calcutta High Court considered whether deduction under Section 80IB could be allowed without furnishing the audit report with the income tax return. The Court upheld the decision of the Learned CIT (A) and dismissed the Revenue's appeal, citing previous judgments. The appeal was dismissed, making the connected application infructuous.