The ITAT bench of Mumbai has allowed the claim for deduction under section 11(1)(a)

 The ITAT bench of Mumbai has allowed the claim for deduction under section 11(1)(a)

The ITAT bench of Mumbai has allowed the claim for deduction under section 11(1)(a) of the Act where the assessee has filed audit report in Form No. 10B alongwith the return of income filed on 30.3.2017 and noted that the requirement of filing audit report before the date prescribed in sec.44AB has been brought into the statute only w.e.f 1.4.2020, i.e., from AY 2020-21. Accordingly, in the assessment year under consideration, viz., AY 2015-16, the requirement under the Act was to file audit report along with the return of income. Therefore, the assessee has complied with the conditions prescribed in sec. 12(1)(b) by furnishing audit report along with the return of income. ( I.T.A. No. 1637/Mum/2022)




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