Deduction u/s 80IA cannot be allowed in case of belated return

Shiv Kumar Sushil Kumar Tea Enterprises (P) Ltd. Vs ACIT (ITAT Jaipur)

Conclusion: Where assessee had not filed return within the time prescribed U/s 139(1), deduction u/s 80IA was not allowable to assessee as there was clear violation of section 80AC which clearly provided that deduction would not be allowed unless return was furnished on or before due date specified under section 139(1).

Held: Assessee company had claimed deduction U/s 80IA. However, the return was not filed within the time prescribed U/s 139(1

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