Return of LIP receipts: originals may be returned after a dated ITO endorsement verifying the section 80C claim. Where an assessee requests return of original life insurance premium receipts submitted for a claim under section 80C, the assessing officer may return the originals after recording, under the I.T.O.'s signature with date, a note in the return against the column claiming the LIP rebate stating that the claim has been verified with reference to the original receipts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Return of LIP receipts: originals may be returned after a dated ITO endorsement verifying the section 80C claim.
Where an assessee requests return of original life insurance premium receipts submitted for a claim under section 80C, the assessing officer may return the originals after recording, under the I.T.O.'s signature with date, a note in the return against the column claiming the LIP rebate stating that the claim has been verified with reference to the original receipts.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
