P & R Engineering Service Pvt. Ltd. vs. DCIT Circle-19(1)

Parties Involved

Facts Summary

The assessee claimed deduction under Section 80-IA of the Income Tax Act, 1961 amounting to INR 5,62,48,491/- which was disallowed by the AO because the return of income was filed belatedly on 30.03.2019. The Ld. CIT(A) confirmed the disallowance. The assessee appealed before the Tribunal, arguing that the delay in filing the return was condoned by CBDT and thus the deduction should be allowed.…

Legal Issues

• 1. Disallowance of deduction under Section 80-IA due to belated filing of return

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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