ITAT Delhi Allows Deduction u/s 80C – Omission in Return Rectifiable

Shri Ayush Biyani Vs ITO (ITAT Delhi) ITAT Delhi Allows Deduction u/s 80C – Omission in Return Rectifiable, Restriction of 80AC Not Applicable Prior to 2018 Delhi ITAT allowed the appeal of Ayush Biyani, directing AO to grant deduction u/s 80C of ₹1,50,000/- which was omitted to be claimed in the original return. Assessee, an individual, filed return declaring income of ₹13,18,200/- but inadvertently omitted claim of deduction u/s 80C of ₹1,50,000/-. Proceedings were reopened u/s 147 based on order u/s 148A(d) dated 26.03.2023. Reassessment was framed u/s 147 r.w.s. 144B on 12.03.2024....