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Income Tax - Highlights / Catch Notes

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Claim of deduction u/s 80IB(10) - CIT(A) granted relief to the ...


Taxpayer Wins Deduction Claim u/s 80IB(10), Despite Unexplained Discrepancies in Financial Documents and Audit Reports.

March 7, 2020

Case Laws     Income Tax     AT

Claim of deduction u/s 80IB(10) - CIT(A) granted relief to the assessee appreciating the assessee‟s explanation relating to some glitches in the software. The said para of CIT(A)‟s order does not have reasons for accepting patent discrepancies appeared in the Profit and Loss Accounts and statement of accounts, dates in the audit reports, etc. No reason is given for the anti-dated Form No.10CCB. - AT

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