https://www.taxtmi.com/caselaws?id=433644 A deduction under section 80P(2)(a)(i) was unavailable where the claim was first raised in a revised return filed after the statutory due date. The return-filing requirement under section 80AC, read with section 139(1), was treated as a condition precedent for the deduction, and the assessee did not substantiate any entitlement to an extended due date based on audit requirements. Section 139(5) was held to permit correction of omissions or statements, but not the introduction of a fresh deduction claim absent from the original return. Rectification was also not shown to involve any apparent mistake. en-us Mon, 30 Jan 2023 00:00:00 +0530 Sat, 04 Feb 2023 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433644 A deduction under section 80P(2)(a)(i) was unavailable where the claim was first raised in a revised return filed after the statutory due date. The return-filing requirement under section 80AC, read with section 139(1), was treated as a condition precedent for the deduction, and the assessee did not substantiate any entitlement to an extended due date based on audit requirements. Section 139(5) was held to permit correction of omissions or statements, but not the introduction of a fresh deduction claim absent from the original return. Rectification was also not shown to involve any apparent mistake. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433644