2021 (6) TMI 922

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....ssessee against order dated 12-12-2018 of learned Commissioner of Income Tax (Appeals)-28, Mumbai for the assessment year 2014-15. 2. Grounds 4 and 5 being general grounds, do not require adjudication. 3. Ground 3 is not pressed; hence, dismissed. 4. The only issue raised in grounds 1 & 2 relates to disallowance of deduction claimed under section 80P(2)(d) of the Income Tax Act, 1961 for ....

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.... would be eligible for deduction. Accordingly, he disallowed assessee's claim and added back an amount of Rs. 20,79,677/-. Assessee contested the aforesaid addition before learned Commissioner of Income Tax (Appeals). Agreeing with the view of the assessing officer that assessee's claim of deduction under section 80P(2)(d) cannot be allowed, as, such claim was not made either in the original retur....

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....le Society (2017) 78 taxmann.com 169 (Kar) 2. Solitaire CHS Ltd vs PCIT (ITA No.3155/Mum/2019) 3. Lands End Co-operative Housing Society Ltd vs ITO(ITA No.3566/Mum/2014) 4. Sea Green Co-operative Housing Society Ltd vs ITO (ITA No.1343/Mum/2017 5. Kaliandas Udyog Bhavan Premises Co-operative Society Ltd ITO (2018) 94 taxmann.com 15(Mum Trib) 8. The learned de....

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.... case of CIT vs Prithvi Brokers & Shareholders (2012) 23 taxmann.com 23, the Hon'ble jurisdictional High Court has held that the assessee can make a revised/fresh claim in course of proceedings before the assessing officer and appellate authorities. 10. As regards the merits of the issue, it is evident, only reason for denial of assessee's claim of deduction under section 80P(2)(d) is, interest....