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Section 80AC in The Income Tax Act, 1961 80AC. [ Deduction not to be allowed unless return furnished. [Substituted by Finance

Finance Act, 2018 25. Substitution of new section for section 80AC. - For section 80AC of the Income-tax Act, the following section shall be substituted

Section 80AC in The Finance Act, 2018 80AC. Deduction not to be allowed unless return furnished. - Where in computing the total income of an assessee

Shiv Kumar Sushil Kumar Tea Enterprises P Ltd. Vs. ACIT 80AC, if the return of income is filed beyond the due date under section ... made substantial compliance of the provisions of section 80IA , read with section 80AC . (c) That the huge amount of self-assessment tax could

assuming authority u/s 80AC of the Act, when in fact the Appellant is deemed to have filed its return of income ... mentioned in Sec.139(1) of the Act. In this regard, Section 80AC of the Act is reproduced beow:-. "Section 80AC. Where in computing

mandatorily required under the provision of Sec 80AC. (b) Section 139(5) of the Act permits filing of revised return if assessee discovers any bona ... 80IC of the 1961 Act keeping in view provisions of Section 80AC which is reproduced hereunder:- "80 AC Where in computing the total income

that section 80A(5) would have no application. Rather, he invoked section 80AC , which refers to six sections under which deduction cannot be claimed without ... does not figure in the list of sections specified in section 80AC , the ld. AR contended that the deduction u/s 80P ought to have

80IB(10) of the Act by virtue of provisions of section 80AC of the Act. He submitted that the assessee has misrepresented before ... submitted that the provisions of sec.80AC of the Act debars allowing deduction u/s 80IB(10) of the Act, if the return of income

coordinate Bench of the Tribunal, after considering the provisions of section 80AC of the Act and considering the judgements of the Hon'ble Supreme ... apply where no return is furnished and rather it is section 80AC which would govern the case and because of omission of section

inadmissible in view of section 80AC of the Act, on the processing of returnsunder section 143(1)(a) of the Act. The year involved ... Assessment Year (AY) 2019-20. Section 80AC of the Act, brought on the statute by Finance Act, 2006 , w.e.f. 01.04.2006, provides that deduction