https://www.taxtmi.com/caselaws?id=309969 The Appellate Tribunal ITAT Cochin upheld the National Faceless Appeal Centre (NFAC) Delhi's orders for the assessment years 2018-19 and 2019-20 under Section 143(1) of the Income Tax Act, 1961. The Tribunal ruled against the assessee's contention that late filing of returns under Section 139(1) should not affect their Section 80P deduction claims. Emphasizing the mandatory nature of filing returns before the due date for claiming deductions, the Tribunal dismissed the appeals, affirming the denial of Section 80P deduction claims totaling Rs. 14,54,100/- and Rs. 35,91,710/- for the respective assessment years. en-us Tue, 13 Dec 2022 00:00:00 +0530 Thu, 28 Sep 2023 21:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309969 The Appellate Tribunal ITAT Cochin upheld the National Faceless Appeal Centre (NFAC) Delhi's orders for the assessment years 2018-19 and 2019-20 under Section 143(1) of the Income Tax Act, 1961. The Tribunal ruled against the assessee's contention that late filing of returns under Section 139(1) should not affect their Section 80P deduction claims. Emphasizing the mandatory nature of filing returns before the due date for claiming deductions, the Tribunal dismissed the appeals, affirming the denial of Section 80P deduction claims totaling Rs. 14,54,100/- and Rs. 35,91,710/- for the respective assessment years. Case-Laws Income Tax Tue, 13 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309969