Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Section 80IA Deduction not allowable for Belated Income Tax Returns: ITAT
Appeal Against OrderIncome Tax
The ITAT ruled that deductions under Section 80IA of the Income Tax Act are not allowable if the income tax return is filed belatedly. The tribunal held that timely filing is a mandatory condition for claiming this deduction, and failure to do so disqualifies the taxpayer from availing the benefit. This decision serves as a reminder to taxpayers of the importance of adhering to filing deadlines to claim specific tax exemptions.
