80 - IA deduction

[Guest]

Dear Sir

My original return is defective and it was filled on time and I have claimed a valid 80-IA deduction in my return.Can I claim 80 -IA deduction in my revised return.Please support your answer with case law or relevant section.

Thanks & Regards

Prashant Premlani

[DR.MARIAPPAN GOVINDARAJAN]

Revised return is meant for correcting the defective return. There you may claim deduction in the revised return.

AI Summary

Tax deduction for industrial undertakings can be claimed in a revised return filed to correct a defective original. A revised return serves to correct a defective original return; where an original return filed on time was defective, a taxpayer may claim a valid deduction in the revised return. The revised filing mechanism permits the taxpayer to assert deductions that are properly allowable despite defects in the original submission, using the statutory revision process to restore the correct tax position.