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2019 (10) TMI 722 - AT - Income TaxDeduction u/s 80IB(10) - assessee had not filed its return of income within the due date provided under section 139(1) as per section 80AC of the Act the assessee would not be eligible to claim deduction under section 80IB(10) - HELD THAT:- Considering the overall facts and circumstances of the case in the light of the decisions referred to above and more particularly applying the ratio of the decision of the Hon'ble Supreme Court in Dilip Kumar & Co. & Ors. [2018 (7) TMI 1826 - SUPREME COURT] we hold that the condition imposed under section 80AC of the Act has to be fulfilled for claiming deduction under section 80IB(10) of the Act. Since, the assessee has not fulfilled the aforesaid condition, deduction claimed under section 80IB(10) of the Act has been rightly denied by the Departmental Authorities. - Decided against assessee.
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