2025 (6) TMI 417

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.... Ravikumar, Senior Standing Counsel For the Respondent : None JUDGMENT HON'BLE CHIEF JUSTICE This appeal filed under Section 260A of the Income Tax Act, 1961 ["the Act"] impugns an order pronounced on 3.7.2024 by the Income Tax Appellate Tribunal, "C" Bench, Chennai, on various grounds. 2. The following two substantial questions of law have been proposed: "1. Whether on....

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....n it was held that the twin conditions of furnishing the declaration to the Assessing Officer in writing and that the same must be furnished before the due date for filing of the return of income under Section 139(1) of the IT Act must be satisfied, whereas assessee failed to do while claiming deduction under Section 10B?" 3. Assessee had filed return of income on 16.10.2018 for assessment year....

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....m 56F was only a procedural lapse and that cannot be a ground for not granting the deduction claimed under Section 10AA of the Act. The order passed by the CIT(A) was affirmed by the ITAT. 5. The prescribed date for filing Form 56F was 31.10.2018 and, admittedly, assessee had filed it on 20.12.2018. Counsel was unable to show any provision which provides that after the due date an assessee is b....