Entertaining claim of deduction otherwise than a revised return not permissible: ITAT Chennai

Venkateswara Educational Trust Vs ITO (ITAT Chennai) ITAT Chennai held that assessing authority cannot entertain the claim of deduction of expenditure since assessee has not furnished revised return. Accordingly, appeal of the assessee dismissed. Facts- Against the intimation u/s. 143(1), the assessee filed the rectification petition u/s. 154 of the Act. AO noticed that the assessee trust is not registered u/s. 12AA of the Act and accordingly rejected the rectification petition of the assessee by his order dated 02.11.2015. Subsequently, the assessee also filed one more rectification petition ...