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Exemption U/s. 10B & Deduction U/s. 80IB(10)- Return filed after Due date

Started by nasrullah_azhar, December 28, 2009, 01:44:00 PM

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nasrullah_azhar

Good Afternoon sir,

One of the Assessee Company filed its Return of Income after the Due date claiming U/s. 10B. Is it possible to claim exemption for the Return filed after the due date. Pls refer any case laws

Thanks

Regards
SBA Mohammed Azharudeen
Student

pawansingla

The only alternative before you is to file a writ petition before high court explaining extraordinary circumstances for delay. Or if you have sought time from the Assessing Officer due to some reasons.otherwisw there is no hope.

pawansingla

The other alternative is to request to CBDT u/s 119(2) explaining your hardship. After their rejection , you amy file a writ in the High Court.