Section 10AA Deduction Cannot Be Denied as CA Filed Wrong Form: ITAT Ahmedabad

Advertisement True Sparrow Systems Private Limited Vs DCIT (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, partly allowed the assessee’s appeal for Assessment Year 2014-15 and allowed the appeal for Assessment Year 2015-16, holding that filing the incorrect audit form by the Chartered Accountant was a procedural lapse that could be rectified and should not, by itself, defeat an otherwise eligible claim for deduction under Section 10AA of the Income Tax Act. The assessee, a private limited company engaged in providing information technology services and software-r...