https://www.taxtmi.com/caselaws?id=275839 The Tribunal upheld the Assessing Officer's decision to disallow the Section 80IB deduction due to late filing of the return. It also rejected the CIT(A)'s analogy between Section 10B and Section 80IB deductions, emphasizing the mandatory nature of Section 80AC for timely filings. The Tribunal ruled that delayed ESIC contributions must be paid within the specified due date. However, it upheld the higher depreciation rate of 15% on electrical installations, treating them as part of plant and machinery. en-us Wed, 03 Aug 2016 00:00:00 +0530 Sat, 20 Oct 2018 09:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275839 The Tribunal upheld the Assessing Officer's decision to disallow the Section 80IB deduction due to late filing of the return. It also rejected the CIT(A)'s analogy between Section 10B and Section 80IB deductions, emphasizing the mandatory nature of Section 80AC for timely filings. The Tribunal ruled that delayed ESIC contributions must be paid within the specified due date. However, it upheld the higher depreciation rate of 15% on electrical installations, treating them as part of plant and machinery. Case-Laws Income Tax Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275839