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Income Tax - Highlights / Catch Notes

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Deduction u/s. 80IE - Claim denied as the return of income filed ...


Late Income Tax Return Results in Denial of Deductions u/ss 80IE and 80IC Due to Section 80AC Provisions.

November 22, 2022

Case Laws     Income Tax     AT

Deduction u/s. 80IE - Claim denied as the return of income filed by the assessee was belated - Since the assessee has filed belated return, the claim of deduction under section 80IC of the Act cannot be entertained/allowed as the assessee is directly hit by provisions of section 80AC - AT

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