2024 (3) TMI 478

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..... such a deduction under Chapter-VIA have been made disallowable in sec. 143(1)(a)(v) processing vide Finance Act 2021 w.e.f. 01.04.2021 without having any retrospective effect. We are in assessment year 2018- 2019 only. This being the clinching factual and legal position, it is held that the impugned processing dated 03.09.2019 as upheld in the CIT(A)'s order, disallowing sec. 80P claim is not .....

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..... more particularly, the DCIT-CPC herein, had disallowed the assessee s sec. 80P deduction claim involving a sum of Rs. 39,62,982/- by way of processing under sub-sec.(a)(v) thereof. The Revenue could hardly dispute that such a deduction under Chapter-VIA have been made disallowable in sec. 143(1)(a)(v) processing vide Finance Act 2021 w.e.f. 01.04.2021 without having any retrospective effect. We ar .....

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