Deduction u/s 80IA(4)(iv)(a) - deduction was inadvertently not ...

Claim Denied: Assessee Misses Deduction u/s 80IA(4)(iv)(a) Due to Lack of Declaration in Income Return.

August 13, 2022

Case Laws Income Tax AT

Deduction u/s 80IA(4)(iv)(a) - deduction was inadvertently not claimed in the return of income filed - In our considered view, if the language of the Statute is plain and unambiguous and is not open to interpretation so that two views may be possible, then the same represents the legislative intent. Here, section 80A(5) of the Act states that for an assessee to be able to make a claim under Chapter -VI of the Act, such a claim has to be made in the return of income. - Fresh claim was rightly denied - AT

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Deduction u/s 80IA(4)(iv)(a) - deduction was inadvertently not ...

Claim Denied: Assessee Misses Deduction u/s 80IA(4)(iv)(a) Due to Lack of Declaration in Income Return.

August 13, 2022

Case Laws Income Tax AT

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