https://www.taxtmi.com/caselaws?id=282112 The High Court allowed delay applications for review petitions filed 14 to 52 days late, addressing the interpretation of Section 80IB (10) for tax benefits. The Court clarified that the Municipal Corporation Act is irrelevant to Income Tax Act provisions. It emphasized the importance of explicit provisions in the Finance Act, basing its interpretation on the Explanation under Section 80IB (10) (a) (ii). The Court held that the Supreme Court decision in the S. Sundaram Pillai case did not warrant a review. The request for appeal before the Supreme Court was denied, and all review petitions failed due to uniform application of Section 80IB (10). en-us Tue, 05 Jan 2016 00:00:00 +0530 Mon, 22 Jul 2019 22:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282112 The High Court allowed delay applications for review petitions filed 14 to 52 days late, addressing the interpretation of Section 80IB (10) for tax benefits. The Court clarified that the Municipal Corporation Act is irrelevant to Income Tax Act provisions. It emphasized the importance of explicit provisions in the Finance Act, basing its interpretation on the Explanation under Section 80IB (10) (a) (ii). The Court held that the Supreme Court decision in the S. Sundaram Pillai case did not warrant a review. The request for appeal before the Supreme Court was denied, and all review petitions failed due to uniform application of Section 80IB (10). Case-Laws Income Tax Tue, 05 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282112