https://www.taxtmi.com/caselaws?id=365772 ITAT Ahmedabad held that for deduction under s.54B, the expression "due date" in s.54B read with s.139 includes the extended time under s.139(4). The assessee, having filed a belated return u/s 139(4), could not be denied the benefit of investment in new agricultural land made up to the date of such belated filing, provided the investment preceded the actual filing date. The matter was remanded to the AO to verify whether the assessee invested in the new asset before filing the return on 24.02.2014 and, if so, to grant deduction u/s 54B accordingly. Appeal allowed for statistical purposes. en-us Wed, 04 Jul 2018 00:00:00 +0530 Fri, 12 Dec 2025 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365772 ITAT Ahmedabad held that for deduction under s.54B, the expression "due date" in s.54B read with s.139 includes the extended time under s.139(4). The assessee, having filed a belated return u/s 139(4), could not be denied the benefit of investment in new agricultural land made up to the date of such belated filing, provided the investment preceded the actual filing date. The matter was remanded to the AO to verify whether the assessee invested in the new asset before filing the return on 24.02.2014 and, if so, to grant deduction u/s 54B accordingly. Appeal allowed for statistical purposes. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365772