https://www.taxtmi.com/caselaws?id=402878 Section 80IC deduction was treated as unavailable where the return of income was not furnished within the due date under section 139(1). The Tribunal applied strict construction to exemption and deduction provisions and held section 80AC to be clear and mandatory, so the statutory filing condition had to be satisfied exactly as written. Because the return was late, the precondition for claiming the deduction was not met and the disallowance was sustained. en-us Mon, 11 Jan 2021 00:00:00 +0530 Thu, 14 Jan 2021 11:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402878 Section 80IC deduction was treated as unavailable where the return of income was not furnished within the due date under section 139(1). The Tribunal applied strict construction to exemption and deduction provisions and held section 80AC to be clear and mandatory, so the statutory filing condition had to be satisfied exactly as written. Because the return was late, the precondition for claiming the deduction was not met and the disallowance was sustained. Case-Laws Income Tax Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402878