2024 (4) TMI 1350

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....Tanweer, CIT DR ORDER PER C.N. PRASAD, J.M. This appeal is filed by the assessee against the order of the Ld. CIT(Appeals)-NFAC, Delhi dated 10.03.2022 for the AY 2018-19 in denying the deduction claimed u/s 10AA of the Act for delay in filing the return of income. 2. Ld. Counsel submits that the issue has been considered by the Tribunal in assessee's own case in ITA No. 917/Del/2022 d....

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.... Finance Act, 2023 with effect from 1.04.2024 inserting a condition for mandatory filing return of income within the due date specified under sub section (1) of section 139(1) of the Act so as to avail exemption under section 10AA of the Act. This amendment was brought into statute with effect from 1.04.2024. Therefore, we are of the considered view that for the year under consideration i.e. asses....