Mylswamy Ranga Ramanujam v. The DCIT

Parties Involved

Facts Summary

The assessee, Mylswamy Ranga Ramanujam, is engaged in the business of manufacturing and selling mosquito repellents and generating electricity through windmill division, besides income from salary and house property. The assessee filed his return of income admitting an income of Rs.1,40,82,913/- on 07.11.2017. Later, the RoI was processed by the CPC u/s.143(1) dated 23.01.2019, disallowing the deduction of Rs.14,81,308/- claimed u/s.80IA of the Act in relation to the windmill division. The assessee filed Audit Report in Form 10CCB electronically on 27.02.2019. The assessee preferred an appeal before the Ld.CIT(A) which was dismissed on the ground that the report of Audit in Form 10CCB had not been filed before the specified date referred to sec.44AB of the Act which was on 07.11.2017. The assessee is aggrieved and is in appeal before the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the claim of deduction u/s.80IA of the Act should be allowed?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• I.T.A. No. 1318/KOL/2024

  Kolkata 'C' Bench benchAY 2022-23Dismissed

• Sindhu Resettlement Corporation Ltd. v/s DCIT, Circle-2(3)(1)

  Mumbai bench

• Ramesh Prasad Gupta

  Kolkata Benches, Kolkata benchAY 2017-2018Allowed

• ACIT vs Talbotforce Services Pvt. Ltd.

  Delhi 'E' Bench benchAY 2023-24Dismissed

• Sharadchandra Dattatray Mulik vs. ITO, Ward-1(3), Kolhapur

  Pune bench

• Aakash Bhardwaj vs AO Circle-1

  Delhi Bench 'G', New Delhi benchAY 2024-25Allowed