https://www.taxtmi.com/caselaws?id=302169 The appellate tribunal upheld the disallowance of the appellant's Section 80IB(10) claim for a housing project completed under a joint venture, citing insufficient evidence to prove joint undertaking eligibility. Additionally, the tribunal affirmed the denial of the deduction due to the appellant's failure to file the return within the statutory deadline under Section 139(1), rejecting the appellant's plea for condonation of delay. The tribunal emphasized the necessity of adhering to procedural requirements for claiming tax benefits, reinforcing the mandatory nature of filing returns within prescribed timelines to qualify for deductions under the Income Tax Act. en-us Wed, 04 May 2022 00:00:00 +0530 Fri, 10 May 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302169 The appellate tribunal upheld the disallowance of the appellant's Section 80IB(10) claim for a housing project completed under a joint venture, citing insufficient evidence to prove joint undertaking eligibility. Additionally, the tribunal affirmed the denial of the deduction due to the appellant's failure to file the return within the statutory deadline under Section 139(1), rejecting the appellant's plea for condonation of delay. The tribunal emphasized the necessity of adhering to procedural requirements for claiming tax benefits, reinforcing the mandatory nature of filing returns within prescribed timelines to qualify for deductions under the Income Tax Act. Case-Laws Income Tax Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302169