https://www.taxtmi.com/caselaws?id=395583 The Tribunal upheld the Pr.CIT's invocation of section 263 of the Income Tax Act in a case concerning the validity of deduction under section 80IA for the assessment year 2011-12. The Tribunal found the Assessee's failure to comply with section 80AC, which makes filing the return beyond the due date under section 139(1) a disqualifying factor for the deduction, as decisive. Emphasizing the AO's lack of proper enquiry on the relevant provisions, the Tribunal dismissed the Assessee's appeal, affirming the Pr.CIT's jurisdiction and highlighting the importance of conducting thorough investigations in such matters. en-us Wed, 26 Feb 2020 00:00:00 +0530 Fri, 29 May 2020 11:48:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395583 The Tribunal upheld the Pr.CIT's invocation of section 263 of the Income Tax Act in a case concerning the validity of deduction under section 80IA for the assessment year 2011-12. The Tribunal found the Assessee's failure to comply with section 80AC, which makes filing the return beyond the due date under section 139(1) a disqualifying factor for the deduction, as decisive. Emphasizing the AO's lack of proper enquiry on the relevant provisions, the Tribunal dismissed the Assessee's appeal, affirming the Pr.CIT's jurisdiction and highlighting the importance of conducting thorough investigations in such matters. Case-Laws Income Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395583