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Due date for filing of return for A.Y. 2007-08 (Income Tax)

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This query is : Resolved



( Author )
26 April 2010

Please Guide...

Is penalty leviable u/s 271B in following case???

The Non-corporate Assessee got his account audited u/s 44AB before 31st Oct, 2007 but filed his return along with tax audit report on 2nd November, 2007.

Due date for filing of return for A.Y. 2007-08 was extended for 2 days,
i.e. from 31st October 2007 to 2nd November 2007.
Vide press release No. 402/92/2006-MC(46 of 2007) and CBDT circular No. F.No. 225/147/2007-ITA-II(Pt.)


Aditya Maheshwari

( Expert )
26 April 2010

No since the due date itself was extended to 02.11.2007 no penalty can be levied u/s 271B


Hardik Sarvaiya

( Author )
26 April 2010

Thanks for your reply.

in the notification in 1st part extention is mention only about retuns and not for the reports (for physical format). and in 2nd part it mention both returns and reports (for electronic format).
Assessee has filed returns and reports as physical format.
so can AO take stand that extention is only for retuns and not for the reports.


Aditya Maheshwari

( Expert )
26 April 2010

Since accounts audited u/s 44AB before 31.10.2007 no problem still. So audit could be completed by 31.10 and return can be submitted by 02.11


Hardik Sarvaiya

( Author )
27 April 2010

thanks for your guidence.


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