Section 10AA Deduction Upheld Despite Late Filing of Return

DCIT Vs MD Equipment Pvt. Ltd. (ITAT Delhi) ITAT Delhi: Section 10AA Deduction Allowed Despite Late Return Where Form 56F Filed Within Extended Time (AY 2023-24) The Delhi Bench of the Income Tax Appellate Tribunal held that deduction under Section 10AA cannot be denied merely because the return was filed under Section 139(4) or because CPC treated Form 56F as belated, when the form was in fact filed within the extended time granted by the CBDT. In this case, the assessee had filed Form 56F on 27.11.2023, well within the extended deadline of 31.12.2023 provided by CBDT Circular No. 18/2023 due...