9911796707
TMI BlogScope of prima facie disallowances under section 143(1)(a) of the Income-tax Act, 1961--RegardingX X X X Extracts X X X X X X X X Extracts X X X X ..... ises, with effect from the assessment year 1989-90, inter alia, disallowance of any loss carried forward, deduction, allowance or relief claimed which, on the basis of information available in the return or the accompanying accounts or documents, is prima facie inadmissible. The earlier instructions of the Board were to the effect that no disallowance should be made of items on which two opinions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 54F(4), the claim is incorrect and can be disallowed as a prima facie adjustment. (b) any claim in respect of which there is an omission of information which is required, under the specific provisions of the Act or the Rules, to be furnished along with the return to substantiate such claim. Example : If the audit report specified under section 80HHC(4), which is required to be filed along wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utory guidance notes for filling in the return of income, is not so filed. (c) A claim for deduction or rebate of any amount which exceeds statutory limit imposed, if such limit is expressed either as a specific mandatory amount or as a percentage, ratio or a fraction, and if the information relevant to application of the statutory limits appear in the return or the accompanying accounts or docum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... like. The items of disallowance should be such that no two opinions are possible on their inadmissibility. 3. The Board desires that no other prima facie disallowance should be made except with the previous approval of the Commissioner of Income-tax who will, after according approval in suitable cases, bring the same to the notice of the Board. 4. The above procedure applies to all returns pendi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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