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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Benefit of deduction u/s 80IAB - Belated filing of returns - By ...


Court Permits Scrutiny of Late Tax Returns; Deduction u/s 80IAB Not Automatically Granted.

June 3, 2020

Case Laws     Income Tax     HC

Benefit of deduction u/s 80IAB - Belated filing of returns - By permitting the Assessing Officer to scrutinize the Income Tax Return filed belatedly by the petition, the 2nd respondent is not really asking the Assessing Officer to straight away allow the benefit of deduction under 80IAB of the Act.

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