Validity of Deductions under Section 80 IC Despite Delayed Filing

The Delhi HC admitted the case to determine the validity of claiming deductions under section 80 IC of the Income Tax Act despite delayed filing of the return. The court raised questions on the permissibility of such deductions when the return is filed post the specified due date under section 139(1). Parties were permitted to submit additional documents for further proceedings.

---

---

The Delhi High Court admitted the case for determination of whether the deduction claimed by the assessee under section 80 IC of the Income Tax Act was correct despite delayed filing of the return. The court framed questions regarding the legality of allowing deductions under section 80IC when the return is filed after the due date specified under section 139(1). The court allowed the parties to submit additional documents and listed the case for further proceedings.

---