DIC Fine Chemicals (P.) Ltd. v. DCIT (2019) 177 ITD 672 / 183 DTR 204/ 202 TTJ 372 (Kol.) (Trib.)

S. 10AA : Special economic zones-Export–Entitle to deduction stand alone basis–Deduction cannot be denied only on the ground that non filing of audit report along with the return.[S. 80A(5)]

Tribunal held that  the assessee filed audit report in Form 56F when revised computation of total income was furnished before Assessing Officer, deduction under section 10AA could not be denied merely for non-filing of audit report along with return of income itself.  Forex loss being capital in nature  the assessee is entitle to deduction stand alone basis. (AY. 2014-15)