https://www.taxtmi.com/caselaws?id=769433 ITAT AGRA held that an LLP's return filed on 17.09.2019 was within the due date of 30.09.2019. The tribunal ruled that when LLP partners voluntarily opt for audit under Rule 24(8) second proviso of LLP Rules 2009, even if not mandatorily required, the entity becomes subject to audit requirements under law. This triggers the extended due date provision under Section 139(1) Explanation 2, making 30th September the applicable deadline instead of 31st July. Consequently, the assessee was eligible to carry forward business losses under Section 139(3), and the appeal was allowed. en-us Tue, 31 Dec 2024 00:00:00 +0530 Fri, 25 Apr 2025 08:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769433 ITAT AGRA held that an LLP's return filed on 17.09.2019 was within the due date of 30.09.2019. The tribunal ruled that when LLP partners voluntarily opt for audit under Rule 24(8) second proviso of LLP Rules 2009, even if not mandatorily required, the entity becomes subject to audit requirements under law. This triggers the extended due date provision under Section 139(1) Explanation 2, making 30th September the applicable deadline instead of 31st July. Consequently, the assessee was eligible to carry forward business losses under Section 139(3), and the appeal was allowed. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769433