Section 10AA Deduction allowed Despite Revised Return, as no change in Claim Figures

EY Global Delivery Services India LLP Vs ACIT (ITAT Bangalore) In a ruling by the Income Tax Appellate Tribunal (ITAT), Bangalore Bench, EY Global Delivery Services India LLP has seen its claim for deduction under Section 10AA of the Income Tax Act, 1961, reinstated for the assessment year 2022-23. The tribunal’s decision overturns earlier orders from the Central Processing Centre (CPC) and the Commissioner of Income Tax (Appeals) [CIT(A)], which had denied the deduction citing a delay in filing the income tax return. The case involves EY Global Delivery Services India LLP, a limited lia...