https://www.taxtmi.com/caselaws?id=179889 The Appellate Tribunal ITAT Chennai ruled in favor of the assessee in a case involving delay in filing the return, deduction claim under section 10B, VKGUY scheme claim, concealment of income, and applicability of case laws. The Tribunal held that the due date provision under section 139(1) is directory, not mandatory, accepting the assessee's explanation for the delay and deeming the return validly filed. It allowed the deduction under section 10B, negating the Assessing Officer's findings of concealment and disallowance, emphasizing the assessee's valid reasons for the delay. en-us Tue, 18 Sep 2012 00:00:00 +0530 Tue, 12 Jun 2018 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179889 The Appellate Tribunal ITAT Chennai ruled in favor of the assessee in a case involving delay in filing the return, deduction claim under section 10B, VKGUY scheme claim, concealment of income, and applicability of case laws. The Tribunal held that the due date provision under section 139(1) is directory, not mandatory, accepting the assessee's explanation for the delay and deeming the return validly filed. It allowed the deduction under section 10B, negating the Assessing Officer's findings of concealment and disallowance, emphasizing the assessee's valid reasons for the delay. Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179889