Filing of return before due date is Mandatory to claim deduction u/s 80IA

Smt. Revathi Raju Vs ITO (ITAT Bangalore) Issue- The Assessee made claim for deduction u/s.80IA of the Act for a sum of Rs.27,80,819/- being profits derived from the eligible business u/s.80IA of the Act. The AO however noticed that the return of income has been filed by the assessee for A.Y.2014-15 only on 2.12.2014 which was beyond the due date for filing the return u/s 139(1) of the Act for that Assessment Year. The AO was of the view that as per the provision of section 80AC of the Act any deduction under Chapter-VI A of the Act (Sec.80IA of the Act is part of Chapter VIA of the Act) can ...