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2016 (9) TMI 802 - AT - Income TaxDeduction u/s. 80IB - AO disallowed by the AO on the ground that the return was not filed before the due date prescribed u/s. 139(1) of the Act in the light of provisions of section 80AC of the Act - Held that:- The provisions of section 80AC are very clear that if the return is not filed before the due date specified under sub-section (1) of section 139 of the Act, no deduction u/s. 80IB can be allowed to the assessee. The provisions of section 80AC were mandatory and not only directory. Since the impugned issue is covered by the aforesaid judgments, the deduction u/s. 80IB of the Act cannot be allowed as the claim of the assessee is hit by the provisions of section 80AC of the Act. Therefore, we confirm the order of the CIT(Appeals) in this regard. - Decided against assessee.
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