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GROUND NO.4:
In the order passed u/s 154 of the Act the Id. AO has observed as under: "... As per intimation obtained from the ITD database, it was found that the return of income for A. Y. 2007-08 in this case was due to be filed on 31.10.2007 whereas the assessee filed its return on 15.11.2007. It being a belated return, deduction u/s 80IB & 80IC were not allowed while processing the return by the CPC Bangalore." The due date for filing the return of income for A.Y. 2007-08 was 31.10.2007 which was subsequently extended to 15.11.2007 vide order no. F.No. 225/147/2007~lTA-ll(Pt.) dated 31st October, 2007 issued by CBDT u/s 119 of the Act (APB - 32).