Disallowance of Excess Deductions and House Property Loss in revised returns was set aside and remanded back to AO

Gunapalan Mallinathan Vs ITO (ITAT Chennai) Conclusion: AO was directed to consider the original return while deciding the case involving disallowance of excess deductions and house property loss claimed in revised returns for Assessment Year (AY) 2020-21 as the revised return had been filed by the assessee based on the wrong guidance of the tax advisors and had been brought to the notice of the AO. Held: Assessee was an ex-employee of Bharat Heavy Electrical Limited (BHEL). For the assessment year 2020-21, he filed his return on 26.06.2020, declaring an income of ₹20,86,760 after claiming d...