https://www.taxtmi.com/caselaws?id=433146 An assessee required to be audited under another law may avail the extended due date under Section 139(1), and a return filed on 31 October can be treated as timely if the audit liability and audit report particulars are properly disclosed. On that basis, deduction under Section 80P(2)(a)(i) cannot be denied merely for alleged late filing. The Tribunal noted that compliance with the relevant disclosure requirements had to be verified from the return and remitted the matter to the Assessing Officer for fresh examination, setting aside the disallowance. en-us Mon, 16 Jan 2023 00:00:00 +0530 Mon, 23 Jan 2023 08:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433146 An assessee required to be audited under another law may avail the extended due date under Section 139(1), and a return filed on 31 October can be treated as timely if the audit liability and audit report particulars are properly disclosed. On that basis, deduction under Section 80P(2)(a)(i) cannot be denied merely for alleged late filing. The Tribunal noted that compliance with the relevant disclosure requirements had to be verified from the return and remitted the matter to the Assessing Officer for fresh examination, setting aside the disallowance. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433146