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2012 (12) TMI 1056 - AT - Income TaxClaim of deduction u/s 80IB (10) - Held that:- This issue is remitted back to the file of the AO with a specific direction to look into the merits of the assessee's claim for exemption u/s 80IB (10) of the Act afresh: (i) Whether the assessee was prevented by a reasonable cause, as attributed by it in its affidavits (above), in furnishing its return of income belatedly? & (ii) Whether the assessee has satisfied the other conditions stipulated in s. 80-IB of the Act to determine the quantum of deduction u/s 80IB of the Act?
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