https://www.taxtmi.com/caselaws?id=471353 Cash deposits coupled with non-filing of a return despite taxable income before Chapter VI-A deduction provide a basis for reopening assessment where the prescribed reassessment procedure precedes notice issuance. For assessment years governed by the post-1 April 2018 amendment to section 80AC, furnishing the return within the due date under section 139(1) is a mandatory precondition for claiming deduction under section 80P. Deduction provisions require strict construction, and delayed filing cannot be condoned. Consequently, reassessment is sustained and the claimed Chapter VI-A deduction remains unavailable. en-us Fri, 04 Apr 2025 00:00:00 +0530 Mon, 31 Aug 2026 18:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471353 Cash deposits coupled with non-filing of a return despite taxable income before Chapter VI-A deduction provide a basis for reopening assessment where the prescribed reassessment procedure precedes notice issuance. For assessment years governed by the post-1 April 2018 amendment to section 80AC, furnishing the return within the due date under section 139(1) is a mandatory precondition for claiming deduction under section 80P. Deduction provisions require strict construction, and delayed filing cannot be condoned. Consequently, reassessment is sustained and the claimed Chapter VI-A deduction remains unavailable. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471353