Section 80-IA(7) Requirement Deems Fulfilled When Audit Report Filed At Any Time Before Framing Of Assessment: Delhi High Court

The Delhi High Court ruled that an audit report under Section 80-IA(7) of the Income Tax Act must be submitted before the completion of the assessment. The court held that failure to furnish the audit report within the stipulated time frame could result in the denial of deductions claimed under this section. This decision highlights the importance of adhering to statutory timelines for submitting necessary documentation to claim tax benefits.