No Fresh 80-IA Claim Allowed in 153A Return for Completed Assessment

Navayuga Engineering Company Limited Vs ACIT (ITAT Hyderabad) No Fresh 80-IA Claim Allowed in 153A Return for Completed Assessment; ITAT Follows Earlier Years Dismisses Appeal Assessee, a construction company, originally filed return u/s 139(1) declaring income of ₹164.25 Cr for AY 2016-17, which was assessed u/s 143(3) accepting the returned income. Subsequently, a search u/s 132 was conducted on 25.10.2018 & notice u/s 153A was issued. In response, Assessee filed a fresh return declaring NIL income by claiming deduction u/s 80-IA for the first time. AO, while completing assessment u/s ...