ITAT Kolkata Allows 80IE Deduction Despite Late Form 10CCB

Kanchenjunga Distilleries & Liquors Vs DCIT (ITAT Kolkata) Late Audit Report No Bar -Substance Over Form – ITAT Kolkata Deletes Disallowance of ₹2.07 Cr for Belated Form 10CCB Assessee filed return of income on 22.12.2021 declaring nil income after claiming deduction of ₹2.07 crore u/s 80IE. The extended due date for return filing was 15.03.2022 & the return was filed within time. However, audit report in Form 10CCB was uploaded belatedly on 17.10.2022. CPC disallowed the deduction while processing return u/s 143(1), treating late filing of Form 10CCB as fatal. CIT(A) upheld the ...