https://www.taxtmi.com/caselaws?id=779611 ITAT (Cochin) dismissed the appeal, holding the assessee ineligible for deduction under s.80P because no claim was made in a valid return of income. Applying s.80A(5), the Tribunal found the statutory requirement that the deduction be claimed in the return was not met where the original return disclosed a loss and no valid return claiming s.80P was filed. The decision of the jurisdictional HC in Nileshwar Range was held to prevail over a coordinate bench, leading to denial of the deduction. en-us Wed, 22 Jan 2025 00:00:00 +0530 Thu, 09 Oct 2025 08:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779611 ITAT (Cochin) dismissed the appeal, holding the assessee ineligible for deduction under s.80P because no claim was made in a valid return of income. Applying s.80A(5), the Tribunal found the statutory requirement that the deduction be claimed in the return was not met where the original return disclosed a loss and no valid return claiming s.80P was filed. The decision of the jurisdictional HC in Nileshwar Range was held to prevail over a coordinate bench, leading to denial of the deduction. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779611