Deduction u/s 80IA Allowed despite Late Filing of Form 10CCB as It was Directory, Not Mandatory

ACIT Vs Hi Tech Systems & Services Limited (ITAT Kolkata) Conclusion: Filing of Form 10CCB required for claiming deductions under Section 80IA before the due date for filing of return of income u/s 139(1) was only directory and not mandatory for the year under consideration. Held: Assessee-company was engaged in operating wind power plants and was eligible for deductions under Section 80IA. Assessee filed its income tax return within the extended deadline set by the CBDT for the assessment year (AY) 2022-23. The audit report in Form 10CCB was submitted four days after the statutory deadlin...