2025 (2) TMI 1919

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....Assessee : Shri Ashok Sharma, A/R For the Revenue : Shri Asif Karmali, Sr. D/R ORDER PER NARENDRA KUMAR BILLAIYA, AM: This appeal by the assessee is preferred against the order of the ld. Addl./JCIT(A)-1, Hyderabad [hereinafter 'the ld. CIT(A)'] dated 29/06/2024, pertaining to AY 2018-19. 2. The grievance of the assessee reads as under:- "1. A. On the facts and cir....

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.... 80P needs to be allowed. 2. The appellant craves to leave, add, alter or amend any grounds of appeal before or at the time of hearing." 3. The solitary reason for the denial of deduction u/s 80P of the Act is that, according to the lower authorities, the assessee did not file its return of income u/s 139(1) of the Act. Therefore, it is eligible for the claim of deduction. 4. The fo....

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....ue date for filing of return of income and reports of audit pertaining to Assessment Year 2018-2019 from 15th October, 2018 to 31st October, 2018. However, as specified in earlier order dated 24.09.2018, assessees filing their return of income within the extended due date shall be liable for levy of interest as per provisions of section 234A of the Act." 5. It can be seen from the above that fo....