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ITAT Hyderabad: Section 10AA Deduction Allowed Despite Late ITR & Minor Form 56F Delay; Procedural Lapses Not Fatal
Case Law Details
- Case Name
- ACIT Vs MARS Telecom Systems Private Limited (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All ITAT, ITAT Hyderabad
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ACIT Vs MARS Telecom Systems Private Limited (ITAT Hyderabad)
ITAT Hyderabad: Section 10AA Deduction Allowed Despite Late ITR & Minor Form 56F Delay; Procedural Lapses Not Fatal
In this case, the Revenue challenged allowance of deduction under section 10AA on two grounds—delay in filing return of income for A.Y. 2019-20 and delay of 16 minutes in filing Form 56F for A.Y. 2021-22. The AO/CPC had disallowed the deduction on these procedural grounds.
The ITAT upheld the CIT(A)’s view that for A.Y. 2019-20, filing of return within due date u/s 139(1) was not a mandatory condition for claim...
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