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TMI Blog2022 (10) TMI 1147X X X X Extracts X X X X X X X X Extracts X X X X ..... nder the heading C-Deduction in respect of certain incomes The substituted section w.e.f. 01/04/2018 would be applicable to assessment year 2018-19 and in respect of deductions claimed u/s. 80P of the Act, as well. Since, in the impugned assessment year substituted provisions of section 80AC would be applicable, the CIT(A) has rightly rejected the appeal of assessee. - ITA NO.944/MUM/2022 - - - Dated:- 31-10-2022 - SHRI VIKAS AWASTHY, JUDICIAL MEMBER Appellant by : Shri Manoj Mahimkar Respondent by : Ms. Beena Santosh ORDER This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [in short the CIT(A) ] dated 10/03/2022 for the Assessme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of deduction claimed u/s 80P of the Act. The provisions of section 80AC of the Act were only applicable in respect of deduction claimed u/s 80IA, section 80IAB, section 80IB, 80IC, 80ID and 80IE of the Act. The provisions of section 80AC were amended by the Finance Act, 2018 w.e.f. 01/04/2018 to include all deductions claimed under Chapter- VIA under heading C Deductions in respect of certain incomes . The ld. Authorized Representative for the assessee pointed that the reasons given by CIT(A) for disallowing assessee s claim of deduction u/s 80P would not hold good in the light of the provisions of section 80AC of the Act as applicable to the Assessment Year under appeal. 4. Per contra, Ms. Beena Santosh representing the Department v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n shall be allowed to him unless he furnishes a return of his income for such assessment year on or before the due date specified under sub-section (1) of section 139. The aforesaid provisions were substituted by the Finance Act,2018 w.e.f. 01/04/2018 by the following provisions: Deduction not to be allowed unless return furnished. 80AC. Where in computing the total income of an assessee of any previous year relevant to the assessment year commencing on or after- (i) the 1st day of April, 2006 but before the 1st day of April, 2018, any deduction is admissible under section 80-IA or section 80-IAB or section 80-IB or section 80- IC or section 80-ID or section 80-IE; (ii) the 1st day of April, 2018, any dedu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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