CIT Justified in Revising AO Order: Deduction Denied Without Audit Report u/s 80IA(7) and Rule 18BBB.

Revision u/s 263 - In view of 80IA(7) read with rule 18BBB, unless audit report of p/y is furnished no deduction is available. - CIT was justified in holding the order of the AO as erroneous in so far as it was prejudicial to the interests of Revenue. - AT .....

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