Case Law Details
Case Name : TVS Srichakra Limited Vs DCIT (ITAT Chennai)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Chennai
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TVS Srichakra Limited Vs DCIT (ITAT Chennai)
Introduction: The case of TVS Srichakra Limited vs. DCIT at ITAT Chennai revolves around the disallowance of deduction under Section 80IC due to the failure to file Form 10CCB along with the return of income for the assessment year 2016-17. The dispute centers on the appellant’s claim and the subsequent denial by the authorities, leading to an appeal before the Income Tax Appellate Tribunal (ITAT) Chennai.
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Author Bio
THE FACTS OF THE CASE CENTRE AROUND THE BONAFIDES ON THE PART OF THE ASSESSEE COMPANY IN THE MATTER OF OBTAINING THE REPORT. IN MY VIEW IF AN ASSESSEE HAS FILED THE REPORT DURING THE ASSESSMENT PROCEEDINGS HE SHOULD BE ENTITLED TO CLAIM DEDUCTION. THE MAJORITY OF THE BUREAUCRATS ARE ARROGANT WHIMSICAL UN UNRELIABLE AND AUTOCRATS. THEY DERIVE SADISTIC PLEASURE IN HARASSING THE ASSESSEE. WHY SO MANY FORMS AND WHY REGRESSIVE COMPLIANCES AT EACH AND EVERY STAGE?