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2016 (12) TMI 1790 - AT - Income TaxDeduction u/s. 80I & 80IB - appellant submitting return beyond due date - HELD THAT:- The undisputed fact is that the return of income for the year under consideration was not furnished on or before the due date as per the provisions of section 139(1). In our considered opinion, provisions of section 80AC of the Act squarely apply on the facts of the case in hand, section 80AC reads as under - Where in computing the total income of an assessee of the previous year relevant to the assessment year commencing on the 1st day of April, 2006 or any subsequent assessment year, any deduction is admissible under section 80IA or section 80-IAB or section 80-IB or section 80-IC [or section 80-ID or section 80- IE], no such deduction shall be allowed to him unless he furnishes a return of his income for such assessment year on or before the due date specified under sub- section (1) of section 139]. - Decided in favour of revenue
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