No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]

Section 10AA Deduction - No denial of Section 10AA Deduction - Form 56F - Deduction - filing Audit Report - Audit Report - Assessment Proceedings - itat - taxscan

The Ahmadabad bench of Income Tax Appellate Tribunal (ITAT) held that the Section 10AA  Income Tax Act, 1961 deduction could not be denied merely on the reason of the audit report in form 56F filed during the assessment proceedings. Section 10AA is a special provision enacted for newly established units or businesses for enjoying income tax…

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