https://www.taxtmi.com/caselaws?id=280754 The Tribunal dismissed all appeals, upholding the CIT(A)'s decisions to disallow deductions under section 80P due to late filing of income tax returns and to confirm disallowance under section 40(a)(ia) for failure to deduct tax on interest paid to non-members. The Tribunal emphasized the importance of timely filing of returns to claim deductions and the mandatory nature of tax deduction at source for banking activities. The decision was based on established principles and previous rulings, ensuring consistency in tax assessments and compliance with relevant laws. en-us Fri, 06 Mar 2015 00:00:00 +0530 Tue, 21 May 2019 06:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280754 The Tribunal dismissed all appeals, upholding the CIT(A)'s decisions to disallow deductions under section 80P due to late filing of income tax returns and to confirm disallowance under section 40(a)(ia) for failure to deduct tax on interest paid to non-members. The Tribunal emphasized the importance of timely filing of returns to claim deductions and the mandatory nature of tax deduction at source for banking activities. The decision was based on established principles and previous rulings, ensuring consistency in tax assessments and compliance with relevant laws. Case-Laws Income Tax Fri, 06 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280754