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2008 (5) TMI 375 - HC - Income TaxAO made additions as assessee has not submitted its accounts in Form No. 10AA on or before June 30, 2004, to the DGIT(E), New Delhi as required under section 80G(SC)(v) of the Income-tax Act, 1961 read with rule 18AAAA of the Income-tax Rules, 1962 - Commissioner of Income-tax (Appeals) deleting the addition on ground that filing of audited report along with the return was directory and is not mandatory - Commissioner of Income-tax (Appeals) as well as the Tribunal both rightly found that though the assessee has not submitted its accounts in Form No. 10AA before the prescribed authority in given time, but that does not justify the addition and disallowance of the claim of the assessee. – Revenue’s appeal is dismissed
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