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No stipulation in amended section 80A(5) restricting assessee from revising deduction
Case Law Details
- Case Name
- PCIT Vs Ms. Oracle (OFSS) BPO Services Ltd (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, Delhi High Court
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PCIT Vs Ms. Oracle (OFSS) BPO Services Ltd (Delhi High Court)
Conclusion: Amended 80A (5) could not be read as a stipulation barring and restricting the assessee from revising the computation/claim for deduction made in accordance with Section 80A (5).
Held: The issue for determination was whether the ITAT was right in revising the computation of deduction under Section 10A and 80(5). Held: The objective behind the amendment in section 80A (5) was to defeat multiple claims of deduction and ensure better compliance. Reference to the expression „multiple claims of deduction�...
