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Section 80J Deduction Denied as Audit Report Was Never Filed: Bombay HC
Case Law Details
- Case Name
- CIT Vs Shivanand Electronics (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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CIT Vs Shivanand Electronics (Bombay High Court)
The Bombay High Court considered a reference under Section 256(1) of the Income-tax Act, 1961, concerning whether non-compliance with the condition of filing an audit report was fatal to an assessee’s claim for deduction under Section 80J(6A) of the Act.
The assessee, a registered partnership firm engaged in the manufacture of electronics and electrical equipment, had claimed deductions under Section 80J for Assessment Years 1976-77 and 1977-78. These claims were initially allowed by the Income-tax Officer. However, the Commissioner of Inc...
