Section 80JJAA Deduction Allowed Despite Delay in Filing Form 10DA: ITAT Ahmedabad

Sunrise Industries (India) Ltd. Vs DCIT (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT), Ahmedabad, has ruled that a deduction under Section 80JJAA of the Income Tax Act, 1961, cannot be denied to an assessee merely because Form 10DA was filed after its prescribed due date, provided it was submitted along with the income tax return. The tribunal characterized the delay as a “mere lapse on part of the assessee on the procedural aspects,” asserting that substantive claims should not be disallowed on such grounds. The case involved Sunrise Industries (India) Ltd., which had file...