penalty on itr

As per my View going as per the provisions of the Income Tax Act 1961, theoretically the return shall be invalid. But as far my personal experience goes you can even courier the same to CPC Bangalore Address-telling them to condone the delay or just Go to your IT filing Dashboard and click on Worklist tab>Pending for your Action and E-verify the return through your Net Banking Account. The late ITR_V looks like this on the portal and CPC does process the returns.

Thank You,

Sachin C