No Section 80IC deduction if Audit was not completed on or before filing ITR

Securico Electronics India Ltd Vs ACIT (ITAT Delhi) n a recent case, Securico Electronics India Ltd contested a decision against the denial of a deduction under Section 80IC of the Income Tax Act, 1961, by the Commissioner of Income Tax (Appeals) [CIT(A)]. The dispute arose from the non-compliance with audit requirements under Section 80IC. The Income Tax Appellate Tribunal (ITAT) Delhi upheld the decision, highlighting the importance of meeting audit deadlines for claiming deductions. Securico Electronics India Ltd, a company engaged in manufacturing security systems, filed its return of inco...