https://www.taxtmi.com/caselaws?id=769530 ITAT Ahmedabad held that AO lacked jurisdiction to disallow deduction u/s 80P when reassessment u/s 147 was initiated for unexplained cash withdrawals of Rs. 1.13 crores but no addition was made on that specific income believed to have escaped assessment. Court reiterated that once AO finds no escapement of income on which jurisdiction u/s 147 was assumed, jurisdiction to make any other additions or disallowances is lost. The disallowance of s. 80P deduction was held unsustainable and deleted. Assessee's appeal allowed. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769530 ITAT Ahmedabad held that AO lacked jurisdiction to disallow deduction u/s 80P when reassessment u/s 147 was initiated for unexplained cash withdrawals of Rs. 1.13 crores but no addition was made on that specific income believed to have escaped assessment. Court reiterated that once AO finds no escapement of income on which jurisdiction u/s 147 was assumed, jurisdiction to make any other additions or disallowances is lost. The disallowance of s. 80P deduction was held unsustainable and deleted. Assessee's appeal allowed. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769530