ITA No.723/Chny/2024 (AY 2018-19)
Parties Involved
Facts Summary
The case involves an appeal by the Revenue against the order of the Commissioner of Income Tax (Appeals)/NFAC, Delhi, dated 20.10.2023 for the Assessment Year 2018-19. The grounds of appeal include the disallowance of a deduction claimed by the assessee under section 80JJAA of the Income Tax Act, 1961. The assessee had filed a revised claim of deduction by reducing the claim from Rs.3,76,16,759/- to Rs.2,99,29,571/- before the completion of the scrutiny assessment. The issue was whether the Assessing Officer should have adjudicated the claim of the assessee under section 80JJAA of the Act since the Audit Report in Form 10DA was filed before the assessment was framed.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Disallowance of deduction u/s.80JJAA
- 2. Filing of Audit Report before assessment
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
Precedents Relied Upon
5 precedents cited in this judgement.
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