https://www.taxtmi.com/caselaws?id=424726 The Tribunal allowed both appeals of the Revenue, reversing the CIT(A)'s orders and restoring the AO's decisions. The Tribunal emphasized the importance of adhering to procedural requirements and the limitations of the CIT(A)'s jurisdiction in allowing new claims and exercising powers under section 154. The Tribunal highlighted that deductions under section 80IB(10) must be claimed in the return of income, and any revised return supersedes the original, nullifying any claims not reiterated in the revised return. en-us Tue, 05 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424726 The Tribunal allowed both appeals of the Revenue, reversing the CIT(A)'s orders and restoring the AO's decisions. The Tribunal emphasized the importance of adhering to procedural requirements and the limitations of the CIT(A)'s jurisdiction in allowing new claims and exercising powers under section 154. The Tribunal highlighted that deductions under section 80IB(10) must be claimed in the return of income, and any revised return supersedes the original, nullifying any claims not reiterated in the revised return. Case-Laws Income Tax Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424726