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2017 (7) TMI 999 - AT - Income TaxDeduction u/s 80IC - said deductions were not allowed while processing the return by the CPC, Bangalore for the reason that it was a belated return - assessee filed application u/s 154 seeking a claim of deduction - Held that:- CIT(A) in the impugned order categorically stated that the return filed by the assessee was within the extended period so it could not be said to be delayed return. He also mentioned in para 5.2 of the impugned order that the downloaded e return for the relevant assessment year revealed that the assessee had claimed deduction both u/s 80IB and 80IC of the Act. The said observation is correct, as evident from Page No. 2 and 23 of the assessee’s Paper Book which are copies of the computation of income and downloaded return of income in Form No. ITR V/. At Page No. 2 the assessee mentioned in the computation of income, the deduction u/s 80IB amounting to ₹ 428609/- and u/s 80IC for ₹ 29965494/-. The said figures are also mentioned at Page No. 23 which is copy of the return of income filed by the assessee. No valid reason to interfere with the finding of the ld CIT(A). - Decided against revenue
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