https://www.taxtmi.com/caselaws?id=277909 The Tribunal allowed the Revenue's appeal against the Ld.CIT(A)'s order permitting deduction u/s 80IB(10) despite the return not being filed within the time limit u/s 139(1). The Tribunal emphasized the mandatory requirement of filing the return within the prescribed time limit under section 139(1) for claiming deductions. It distinguished previous decisions cited by the Ld.CIT(A) and held that the Special Bench decision in Saffire Garments case supported the Revenue's position. Consequently, the assessee was not entitled to the deduction u/s 80IB(10). en-us Wed, 27 Aug 2014 00:00:00 +0530 Sat, 29 Dec 2018 06:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277909 The Tribunal allowed the Revenue's appeal against the Ld.CIT(A)'s order permitting deduction u/s 80IB(10) despite the return not being filed within the time limit u/s 139(1). The Tribunal emphasized the mandatory requirement of filing the return within the prescribed time limit under section 139(1) for claiming deductions. It distinguished previous decisions cited by the Ld.CIT(A) and held that the Special Bench decision in Saffire Garments case supported the Revenue's position. Consequently, the assessee was not entitled to the deduction u/s 80IB(10). Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277909