https://www.taxtmi.com/caselaws?id=360074 The Court dismissed the appeal concerning the denial of benefits under Section 80-IB of the Income Tax Act, 1961 due to late filing of returns. It emphasized the importance of timely filing under Section 139(1) for claiming deductions under Section 80-IB, as mandated by Section 80AC. The Court's analysis highlighted the strict adherence required to statutory requirements, rejecting arguments that compliance post-filing suffices. Previous judgments, including the Supreme Court decision in CIT v. Kulu Valley Transport Co. P. Ltd., were considered, reinforcing the necessity of meeting filing deadlines for claiming deductions under Section 80-IB. en-us Fri, 04 May 2018 00:00:00 +0530 Tue, 11 Sep 2018 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360074 The Court dismissed the appeal concerning the denial of benefits under Section 80-IB of the Income Tax Act, 1961 due to late filing of returns. It emphasized the importance of timely filing under Section 139(1) for claiming deductions under Section 80-IB, as mandated by Section 80AC. The Court's analysis highlighted the strict adherence required to statutory requirements, rejecting arguments that compliance post-filing suffices. Previous judgments, including the Supreme Court decision in CIT v. Kulu Valley Transport Co. P. Ltd., were considered, reinforcing the necessity of meeting filing deadlines for claiming deductions under Section 80-IB. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360074