Section 80IB(11A) Deduction Cannot Be Denied for Late Filing of Form 10CCB: ITAT Dehradun

Anand Foods Vs ITO (ITAT Dehradun) The Income Tax Appellate Tribunal allowed the assessee’s appeal for AY 2021-22 for statistical purposes, holding that delay in filing Form 10CCB is a directory requirement and cannot by itself defeat a valid section 80IB(11A) deduction claim. The assessee’s deduction of ₹79.98 lakh under section 80IB(11A) was disallowed in rectification proceedings under section 154 solely because Form 10CCB was not filed by the prescribed due date. The Tribunal noted that the assessee had uploaded Form 10CCB on 02.11.2022, i.e., on the very date of CPC’s section 143(...