{"id":34868,"date":"2023-06-08T10:32:19","date_gmt":"2023-06-08T05:02:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/marudhamalai-sri-dhandapani-spinning-mills-v-dcit-2023-the-chambers-journal-may-2023-p-110-chennai-trib\/"},"modified":"2023-06-08T10:32:19","modified_gmt":"2023-06-08T05:02:19","slug":"marudhamalai-sri-dhandapani-spinning-mills-v-dcit-2023-the-chambers-journal-may-2023-p-110-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/marudhamalai-sri-dhandapani-spinning-mills-v-dcit-2023-the-chambers-journal-may-2023-p-110-chennai-trib\/","title":{"rendered":"Marudhamalai Sri Dhandapani Spinning Mills v. DCIT, ( 2023 ) The Chamber\u2019s Journal \u2013 May -2023 P 110 ( Chennai )( Trib)"},"content":{"rendered":"<p>The appellant filed return \u00a0claiming deduction u\/s. 80IA of the Act. The Tax Audit report and Income Tax return were filed within the due dates, however the report of accountant as required u\/s. 80IA &#8211; Form no. 10CCB was e-filed late after the due date. Intimation issued u\/s. 143(1) did not allow the deduction u\/s. 801A, as form 10CCB was not filed before filing the return of income. \u00a0CIT(A) confirmed the addition .\u00a0 On appeal the Tribunal held that\u00a0 disallowance was not valid . Relied on\u00a0 CIT v.\u00a0 \u00a0GM Knitting Industries Pvt Ltd. (2015 ) 376 ITR 456 ( SC) \u00a0where it has been held that that even if the form is not filed with return, but if it is filed before the completion of assessment proceedings, the deduction should be allowed. ( ITA No. 11\/ Chennai dt .6 -4 -2023 \u00a0( AY.2017 -18 \u00a0\u00a0)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA :Industrial undertakings \u2013 Form 10CCB not filed with return of income- The filing of form is directory and not mandatory- Disallowance of exemption is not justified  [ S. 143(1) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-34868","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-94o","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34868"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34868\/revisions"}],"predecessor-version":[{"id":34869,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34868\/revisions\/34869"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}