https://www.taxtmi.com/caselaws?id=422109 A deduction under Chapter VI-A cannot be entertained unless the claim is made in the return filed within the time prescribed under section 139(1), and section 80A(5) bars a fresh claim not so made even in appellate proceedings. On that basis, the Tribunal rejected the section 80IB(10) deduction. It also rejected the alternative plea to assess the receipt as capital gains because that stand conflicted with the assessee's own case that the income arose from development activity and was business income. en-us Fri, 06 May 2022 00:00:00 +0530 Mon, 09 May 2022 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422109 A deduction under Chapter VI-A cannot be entertained unless the claim is made in the return filed within the time prescribed under section 139(1), and section 80A(5) bars a fresh claim not so made even in appellate proceedings. On that basis, the Tribunal rejected the section 80IB(10) deduction. It also rejected the alternative plea to assess the receipt as capital gains because that stand conflicted with the assessee's own case that the income arose from development activity and was business income. Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422109