Deduction denial under section 10B if income-tax return is not furnished by the due date, conditioning eligibility. The amendment adds a proviso that no deduction under this section shall be allowed to an assessee who does not furnish a return of his income on or before ... Summary
Deduction denial under section 10B if income-tax return is not furnished by the due date, conditioning eligibility.
The amendment adds a proviso that no deduction under this section shall be allowed to an assessee who does not furnish a return of his income on or before the due date specified under the statute governing return filing, thereby making timely submission of the income-tax return a precondition for claiming the deduction.
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