https://www.taxtmi.com/caselaws?id=445645 ITAT Hyderabad ruled that assessee cannot make fresh claim for deduction under Section 80IA in return filed pursuant to notice under Section 153A when such deduction was not claimed in original return. The assessee had not filed audit report with original return but claimed 80IA deduction while filing return under 153A proceedings. ITAT held that reassessment under 153A is not de novo assessment and can only be made regarding incriminating material found during search. Since no additions were made based on incriminating material and original assessment attained finality, fresh deduction claims are impermissible. Appeal decided in favor of Revenue. en-us Mon, 31 Jul 2023 00:00:00 +0530 Thu, 16 Nov 2023 08:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445645 ITAT Hyderabad ruled that assessee cannot make fresh claim for deduction under Section 80IA in return filed pursuant to notice under Section 153A when such deduction was not claimed in original return. The assessee had not filed audit report with original return but claimed 80IA deduction while filing return under 153A proceedings. ITAT held that reassessment under 153A is not de novo assessment and can only be made regarding incriminating material found during search. Since no additions were made based on incriminating material and original assessment attained finality, fresh deduction claims are impermissible. Appeal decided in favor of Revenue. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445645