https://www.taxtmi.com/caselaws?id=359241 The assessee's appeal challenging the denial of exemption under section 10B was dismissed as the original return was filed late, rendering the assessee ineligible for the deduction. The disallowance under section 14A was partly allowed, with a portion of the disallowance being upheld. The penalty under section 271(1)(c) was canceled as the claim for deduction was denied due to late filing, not due to inaccurate particulars. The assessee's appeal was partly allowed, the Revenue's cross-objection was allowed, and the appeal against the penalty was allowed. en-us Tue, 24 Apr 2018 00:00:00 +0530 Thu, 26 Apr 2018 09:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359241 The assessee's appeal challenging the denial of exemption under section 10B was dismissed as the original return was filed late, rendering the assessee ineligible for the deduction. The disallowance under section 14A was partly allowed, with a portion of the disallowance being upheld. The penalty under section 271(1)(c) was canceled as the claim for deduction was denied due to late filing, not due to inaccurate particulars. The assessee's appeal was partly allowed, the Revenue's cross-objection was allowed, and the appeal against the penalty was allowed. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359241