ITAT allowed taxpayer's appeal regarding deduction claim under ...

Taxpayer's Section 80JJAA Deduction Claim in Revised Return Valid if Form 10DA Filed During Assessment Proceedings

February 13, 2025

Case Laws Income Tax AT

ITAT allowed taxpayer's appeal regarding deduction claim under Section 80JJAA made in revised return. While AO rejected the claim solely due to timing of revised return filing, ITAT held that once revised return is accepted, all deductions claimed therein must be considered. Following SC precedent in G.M Knitting Industries, submission of prescribed Form 10DA during assessment proceedings constitutes valid compliance. Matter remanded to AO for verification of other eligibility conditions under Section 80JJAA and quantification of deduction amount. Appeal allowed for statistical purposes with direction to examine substantive qualification criteria rather than rejecting claim on procedural grounds.

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ITAT allowed taxpayer's appeal regarding deduction claim under ...

Taxpayer's Section 80JJAA Deduction Claim in Revised Return Valid if Form 10DA Filed During Assessment Proceedings

February 13, 2025

Case Laws Income Tax AT

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