ITAT Allows Deduction u/s. 80JJAA: Revised Return Categorization Mistake corrected

Future Generali India Insurance Company Limited Vs National Faceless Appeal Centre (ITAT Mumbai) Introduction: The Income Tax Appellate Tribunal (ITAT) Mumbai ruled in favor of Future Generali India Insurance Company Limited (the assessee), allowing the claim of deduction under Section 80JJAA of the Income-tax Act for the assessment year 2020-21. The claim was initially denied by the Centralized Processing Centre based on the mistaken categorization of the revised return as an original return filed belatedly. Analysis: The disputed issue in this case was the denial of the deduction claimed by ...