Section 80-IA(7) Deduction Can't Be Denied For Failure To Digitally File Audit Report: Delhi High Court

In a significant ruling, the Delhi High Court addressed the procedural requirements for reassessment under the Bharatiya Nagarik Suraksha Sanhita (formerly the Income Tax Act) concerning the Audit Report submission. The Court's decision in the case of W.P.(C) 8972/2019 & 8980/2019 provides clarity on the interpretation of Section 80-IA(7) and its impact on reassessment proceedings. Case Background: The petitioner, Shree Bhavani Power Projects Pvt. Ltd., faced reassessment notices issued under…