Hyderabad ITAT Allows Section 80-IA deduction claimed via Revised Return

ASR Engineering & Projects Limited Vs DCIT (ITAT Hyderabad)

The Hyderabad ITAT, in this case, ruled that to be eligible to make a claim under Section 80-IA or any other section of Chapter VIA, the assessee should have filed the return of income under Section 139(1). Crucially, it further held that even if the assessee did not make a claim for deduction in the original return and subsequently filed a revised return making such a claim, its claim for deduction under Section 80-IA was maintainable. This case reinforces the idea that the eligibility for deduction hinges on filing t

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