S. 80IB Deduction cannot be denied for mere non-submission of Form 10CCB Audit Report with Return

DCIT Vs M/s Reckitt Benckiser (India) Ltd. (ITAT Kolkata) We come to Revenue’s appeal. Its sole grievance reads that the CIT(A) has erred in law and as facts in allowing arrears Section 80IB and 80IC deduction claims totaling to Rs. 1,39,48,12,000/- thereby reversing Assessing Officer’s action not taking any cognizance thereof solely for the reason that the taxpayer had not submitted its form 10CCB auditor’s report in respect of the corresponding revised claim. It emerges at the outset that the CIT(A) order under challenge has merely directed the Assessing Officer to consider the impugne...