Deduction u/s 54 Must Be Claimed in Revised Return Before Assessment Proceedings; Late Filing Cannot Be Revised.

Deduction u/s 54 Must Be Claimed in Revised Return Before Assessment Proceedings; Late Filing Cannot Be Revised. https://www.taxtmi.com/highlights?id=26159 Entitlement to deduction U/s 54 - Assessing Officer cannot allow deduction claimed during the course of assessment proceedings, it can be claimed only in revised return filed before him. The assessee’s return was belated, which cannot be revised under the law. - AT en-us Mon, 30 Nov 2015 16:17:09 +0530 Mon, 30 Nov 2015 16:17:09 +0530 TaxTMI RSS Generator Deduction u/s 54 Must Be Claimed in Revised Return Before Assessment Proceedings; Late Filing Cannot Be Revised. https://www.taxtmi.com/highlights?id=26159 Entitlement to deduction U/s 54 - Assessing Officer cannot allow deduction claimed during the course of assessment proceedings, it can be claimed only in revised return filed before him. The assessee’s return was belated, which cannot be revised under the law. - AT Highlights Income Tax Mon, 30 Nov 2015 16:17:09 +0530 https://www.taxtmi.com/highlights?id=26159