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2021 (3) TMI 72 - AT - Income TaxDeduction u/s. 80IC denied - non filing of audited accounts in Form 10CCB along with the return of income - HELD THAT:- Referring to material on record and the decision of case of CIT vs. G.M. Knitting Industries Pvt. Ltd. [2015 (11) TMI 397 - SC ORDER] find that the assessee has filed Form 10CCB and the books of account during the course of assessment proceedings. AO ought to have considered the same before disallowing the claim of deduction u/s. 80IC of the Act. The order of the CIT(A) is ex-parte, and the assessee's appeal was not considered on merits. In view of the same, deem it fit and proper to remand the issue to the file of the AO for verification and reconsideration of the issue. Assessee's appeal is treated as allowed for statistical purposes.
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