2017 (3) TMI 94 - SCH - Income Tax

Claim of deduction u/s 80IB could not have been denied to the assessee merely for the reason that the audit report was not furnished with the return of income. If deductions under sub-section (3) of Section 40A of the Act is not allowed then the same would have adjusted to the profits of the undertaking as a result of which it will be entitled to seek deductions under Section 80IB of the Act. HC order confirmed - 2016 (5) TMI 947 - ALLAHABAD HIGH COURT

Summary

The Supreme Court dismissed the Special Leave Petition after condoning the delay. Pending applications were disposed of accordingly. (2017 (3) TMI 94 - SC)