Section 43B Deduction Cannot Be Lost Due to Inadvertent Non-Claim in Return – ITAT Gives Fresh Opportunity to Verify Property Tax Payment

Parijat Hotels Private Limited Vs ITO (ITAT Pune) Section 43B Deduction Cannot Be Lost Due to Inadvertent Non-Claim in Return – ITAT Gives Fresh Opportunity to Verify Property Tax Payment The Pune ITAT held that a genuine claim under section 43B deserves verification even if it was not specifically claimed in the original return, particularly where the assessee demonstrates that the expenditure had been disallowed in earlier years and was actually paid during the relevant year. The assessee-company sought deduction of ₹49.24 lakh towards property tax paid to the Pune Cantonment Board. ...