Alternate statutory remedy governs GST assessment challenge, with statutory appeal preserved and limitation objection barred for the permitted filing ...
Section 80CCC(2) applies only when the assessee has claimed and been allowed a deduction u/s 80CCC(1). Since the assessee did not claim deduction u/s 80CCC(1), Section 80CCC(2) is inapplicable. The accretion of Rs. 16,39,726 from premature surrender of pension policies requires examination u/s 10(10D) to determine eligibility for exemption. The matter is restored to the Assessing Officer to examine the exemption eligibility u/s 10(10D). The assessee's appeal is partly allowed.
Section 80CCC(2) applies only when the assessee has claimed and been allowed a deduction u/s 80CCC(1). Since the assessee did not claim deduction u/s 80CCC(1), Section 80CCC(2) is inapplicable. The accretion of Rs. 16,39,726 from premature surrender of pension policies requires examination u/s 10(10D) to determine eligibility for exemption. The matter is restored to the Assessing Officer to examine the exemption eligibility u/s 10(10D). The assessee's appeal is partly allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
