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1 - 8 of 8 (0.25 seconds)The Code of Civil Procedure, 1908
Section 5 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 80LA in The Income Tax Act, 1961 [Entire Act]
Section 139 in The Income Tax Act, 1961 [Entire Act]
Section 115BBA in The Income Tax Act, 1961 [Entire Act]
Commnr. Of Customs (Import), Mumbai vs M/S. Dilip Kumar And Company on 30 July, 2018
16. In the present case, sub-section (5) of Section 115BAA of
the Act has not restricted the application for one year alone, even
if it has filed belatedly, however, it has been extended and
applicable for the subsequent assessment years. However, if the
application has been filed belatedly for the earlier year, as
canvassed by the Revenue, on 29.03.2022 i.e., after the due date
of filing of return of income on 15.03.2022, then the Revenue can
withhold or deny the benefit of Section 115BAA for A.Y. 2021-22.
But for the purpose of giving benefit for A.Y. 2022-23, the Revenue
cannot raise this issue of filing of Form 10-IC belatedly for A.Y.
16
Sandor Medicaids Private Limited
2022-23. Furthermore, we are of the considered opinion that this
beneficial provision is required to be read in light in favour of the
assessee, as held by the Hon'ble Supreme Court in the case of
Commissioner of Customs Vs. Dilip Kumar reported in Civil
Appeal No. 3327 of 2007, has held as under :
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