2024 (3) TMI 1123

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.... Sr.DR ORDER PER SATBEER SINGH GODARA, J.M. This assessee's appeal for assessment year 2019-2020, arises against the National Faceless Appeal Centre [in short the "NFAC"] Delhi's Din and Order No. ITBA/NFAC/S/250/2022- 23/1047557881(1), dated 22.11.2022, involving proceedings u/s. 143(1) of the Income Tax Act, 1961 (in short "the Act"). Heard both the parties. Case file perused. 2. ....

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....in the Revenue's arguments in respect of impugned sec. 80P deduction disallowance made in assessee's hands. This is for the precise reason that legislature has introduced such a disallowance provision in sec. 143(1)(a)(v) dealing with deduction claim(s) provided in Chapter-VI-A of the Act by way of Finance Act, 2021 w.e.f. 01.04.2021 with prospective effect whereas the assessment year herein is 20....