Rectification u/s 154 - Deduction u/s 80IB - audit report in ...

Appeals for Section 154 Rectification Rejected; Overlooked Circular No. 689 Allows Rectification for Missing Audit Reports.

August 12, 2022

Case Laws Income Tax AT

Rectification u/s 154 - Deduction u/s 80IB - audit report in Form-10CCB was not filed along with the return of income - The ld. CIT(A) has rejected the appeals by holding that there was no mistake apparent from record. However, while holding so, he escaped the contents of Circular No.689 dated 24.8.1994 which clearly directs the Officers to allow rectification u/s. 154 for non filing of audit report or other evidence which could not be filed with the return of income. - Rectification allowed - AT

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Rectification u/s 154 - Deduction u/s 80IB - audit report in ...

Appeals for Section 154 Rectification Rejected; Overlooked Circular No. 689 Allows Rectification for Missing Audit Reports.

August 12, 2022

Case Laws Income Tax AT

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