Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (1) TMI 470 - ITAT MUMBAIExemption u/s. 80IC - assessee has not filed return of income u/s.139(1) - HELD THAT:- As per the provisions of section 80 AC it is mandatory for the assessee to file return of income u/s.139 (1) to be eligible to claim deduction u/s. 80-IA or 80-IB, or 80-IAB or 80-IC or 80-ID or 81-E. It is undisputed that assessee has not filed return of income under section 139 (1). Hence, as per the provisions of the act, the assessee is not entitled to claim the deduction. The assessee is also aware of this provision. Hence, the assessee has filed condonation application before the CBDT. There is no information about the CBDT condoning the same. We affirm the order of authorities below that since the assessee has not followed the mandate of the act to be eligible to the above said deduction, the assessee’s appeal is to be dismissed.
|