https://www.taxtmi.com/caselaws?id=470306 Condonation of delayed return filing under section 119(2)(b) removes the factual basis for denying deduction under section 80P(2) through rectification where the disallowance rests solely on delay under section 139(1). The delay was condoned because of delayed statutory audit and operational difficulties. Consequently, the deduction remained available and the rectification-based disallowance was set aside. en-us Thu, 03 Apr 2025 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470306 Condonation of delayed return filing under section 119(2)(b) removes the factual basis for denying deduction under section 80P(2) through rectification where the disallowance rests solely on delay under section 139(1). The delay was condoned because of delayed statutory audit and operational difficulties. Consequently, the deduction remained available and the rectification-based disallowance was set aside. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470306