Delayed ROI Filing Excused; Court Orders Fresh Assessment for Section 80IB Deduction Claim Evaluation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Rectification of mistake u/s 254 - Deduction u/s 80IB - Delay in filing of return of income (ITR) - The High Court, while acknowledging the belated filing of the ROI, condoned the delay considering the circumstances and directed the income tax authority to consider the petitioner's claim for deduction without factoring in the delay. The Court quashed the original assessment order and remanded the matter to the Assessing Officer (AO) for fresh assessment.....