ITAT Upholds Section 10A Deduction Despite Wrong Section 10B Claim in Return

ACIT Vs Hi-Tech Outsourcing Services (ITAT Ahmedabad) The case involves an appeal filed by the Revenue and a cross-objection by the assessee against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] for Assessment Year (A.Y.) 2011–12. The assessment was completed under Section 143(3) of the Income Tax Act. The assessee, a partnership firm engaged in data entry and processing services for foreign clients, filed its return declaring income of ₹17,39,370. During assessment, it claimed deduction of ₹4,93,30,648 under Section 10B but failed to furnish the required audit report in...