Late Filing of Form 10CCB Not automatically Disqualify Section 80-IA Deductions

Niteshkumar J. Shah Vs DCIT (ITAT Ahmedabad)

Income Tax Appellate Tribunal (ITAT) Ahmedabad, in the case of Niteshkumar J. Shah Vs. Deputy Commissioner of Income Tax (DCIT), ruled on the disallowance of a deduction under Section 80-IA due to the delayed filing of Form 10CCB. The case stemmed from the Centralized Processing Centre’s (CPC) rejection of the assessee’s deduction claim of ₹19,39,565 for the Assessment Year 2017-18, as Form 10CCB was submitted after the prescribed due date. The National Faceless Appeal Centre (NFAC) upheld the CPC’s decision, citing

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