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2013 (2) TMI 320 - UTTARAKHAND HIGH COURTBelated return u/s 139(4) – Deduction u/s 80IB – Deduction u/s 80IC – Construction of a fiscal statute - Assessee contended that due date of furnishing return has been specified under sub-section (1) of Section 139, in sub-section (4) of Section 139 permission has been granted to furnish the return even after expiry of the due date for furnishing return specified under sub-section (1) of Section 139 Held that:- In the matter of construction of a fiscal statute, one is required to read the words used by the Legislature rather than go into the question of reasonableness, rationality and beneficial ness of a part of the statute. In the event, within the plain words used in the statute, a person is entitled to the benefit granted by the statute, he would be entitled to the same, but, if not, he would not be entitled to the benefit, thus, given Section 80AC, it has been provided that only when the return has been furnished on or before the due date specified under sub-section (1) of Section 139, the assessee concerned will be entitled to the deductions admissible under Section 80IB or Section 80IC. In favour of revenue
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