https://www.taxtmi.com/caselaws?id=430546 The Tribunal upheld the decision of the Ld. Commissioner of Income-tax (Appeals) to deny the deduction under section 80IE due to the belated filing of the return for the assessment year 2016-17. Despite arguments citing supportive decisions, the Tribunal emphasized the mandatory requirement of filing returns within the specified due date as per section 80AC of the Act. The Tribunal suggested that the assessee could seek relief under section 119(2)(c) if genuine hardship existed. The appeal was dismissed, highlighting the necessity of adhering to statutory provisions for claiming deductions under the Income Tax Act. en-us Thu, 03 Nov 2022 00:00:00 +0530 Tue, 22 Nov 2022 09:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430546 The Tribunal upheld the decision of the Ld. Commissioner of Income-tax (Appeals) to deny the deduction under section 80IE due to the belated filing of the return for the assessment year 2016-17. Despite arguments citing supportive decisions, the Tribunal emphasized the mandatory requirement of filing returns within the specified due date as per section 80AC of the Act. The Tribunal suggested that the assessee could seek relief under section 119(2)(c) if genuine hardship existed. The appeal was dismissed, highlighting the necessity of adhering to statutory provisions for claiming deductions under the Income Tax Act. Case-Laws Income Tax Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430546