S. 80IC Deduction duly supported by Form 10CCB cannot be denied on mere non-disclosure in tax audit report

ITAT GUWAHATI BENCH Assistant Commissioner of Income-tax versus Assam Dyeing Plants (P.)Ltd. IT Appeal No. 46 (GAU.) OF 2011 Assessment Year – 2004-05 Date of Pronouncement – 03.02.2012 ORDER K.K. Gupta, Accountant Member This appeal by the Revenue is on the issue of learned CIT(A) having allowed the claim of deduction u/s.80-IC as otherwise disallowed by the Assessing Officer on the facts and circumstances of the assessee’s case. 2. The brief facts as have been brought on record are that the assessee is a private limited company carrying on business of dyei...