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2009 (1) TMI 260 - HC - Income Tax
Industrial Undertakings – exemption under section 80IA – Audit Report – held that - Sub-section (7) of section 80-IA of the Act also does not cast any obligation on the assessee that the return must be accompanied by the audit report. There appears to be proper reasoning as to why in all cases it cannot be accompanied by audit report. For meeting the practical difficulties of the assessee, it is not necessary that in all cases, it must be accompanied by the audit report.