ITA No. 2424 & 2425/Del/2024

Parties Involved

Facts Summary

The appeals in ITA No.2424 and 2425/Del/2024 for Assessment Years 2017-18 and 2018-19 arise from the National Faceless Appeal Centre (NFAC), Delhi dated 26.02.2024 against the order of assessment passed under section 143(3) of the Income-tax Act, 1961 dated 29.12.2019 by the Assessing Officer, ACIT, Circle-36(1), New Delhi. The assessee filed a delay condonation petition explaining the reasons for the delay, which was accepted by the bench. The primary issue in both appeals is the disallowance of deduction under section 80IC of the Act and the denial of Alternative Minimum Tax (AMT) credit to the assessee.…

Legal Issues

• 1. Disallowance of deduction u/s 80IC of the Act and denial of AMT credit

Judgment Outcome

Decided in favour of Assessee.

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