Deduction U/s. 80IB cannot be denied for mere non-filing of Audit Report alongwith return of income

Requirement of filing audit report alongwith return of income is procedural in nature and audit report filed at the assessment stage shall be construed as sufficient compliance of the same for claiming deduction u/s 80IB. Issue- The first ground is against allowing the claim of assessee u/s.80IB amounting to Rs.6,95,585/-. The assessee has claimed deduction u/s.80IB at Rs.6,95,585/- for claiming of deduction and audit report was not filed alongwith return. The A.O. gave reasonable opportunity of being heard on this issue which was availed by the assessee but the A.O. held that to the fact that...