Deduction u/s. 80IB(10) - non filling of return on time - the ...

Case Laws Income Tax

February 13, 2024

Deduction u/s. 80IB(10) - non filling of return on time - the ITAT held that the return filed beyond the due date cannot claim deduction under section 80IB(10) as per the Supreme Court's decision in Wipro Ltd. vs. Pr. CIT. - The ITAT further observed that, the reasoning given by the assessee that within a period of six months from the date of filing of return of income for assessment year 2006- 07, the assessee have filed return of income for assessment year 2007-08 will not help the assessee as the assessee was very well aware of mandatory date of filing the original return of income.

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Deduction u/s. 80IB(10) - non filling of return on time - the ...

Case Laws Income Tax

February 13, 2024

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