view that as per the
provision of section 80AC of the Act any deduction under Chapter-VI A of the Act
(Sec.80IE ... Counsel for the assessee, who
submitted that the provision of section 80AC of the Act is directory and not
mandatory. We have considered the submissions
2025
Nabarun S K U S Ltd.
section 80AC of the Act w.e.f. 01.04.2018 which provides as under-
Deduction not to be allowed ... unless return furnished.
80AC. Where in computing the total income of an assessee of any previous year
relevant to the assessment year commencing
interpreting the provisions of section 80A and 80AC of the Act
allowed the claim of deduction of the assessee by holding that in order ... ITAT held that,
"A plain reading of section 80AC makes it clear that from the assessment year 2006-07,
deduction claimed under section 80IA
before the Ld. CIT(A) who went
through the provisions of section 80AC of the Act and held that the
assessee was required to file ... would be allowed to the assessee as per section 80AC(ii) of the Act.
Further, in view of the existing provisions for the relevant assessment
revised return. The Ld. AO in view of the
provisions of section 80AC of the Act observed that the assessee could
claim deduction ... Rules, 1962.
Provisions of section 80IA(4)(v) , 80IA(7) and 80AC of the Act have a direct
bearing on this issue and the relevant
other hand, relied on the provisions of section
80AC of the Act and supported the action of the authorities below.
3
ITA No. 2594 ... under sub-section (1) of section 139 ; or"
3.2. Furthermore, Section 80AC of the Act reads as under:
"[Deduction not to be allowed
153A was not allowable in terms of
provisions of Section 80AC ... claim of the assessee by referring to the
provisions of Section 80AC of the Act that the claim was not made in the return
153A was not allowable in terms of
provisions of Section 80AC ... claim of the assessee by referring to the
provisions of Section 80AC of the Act that the claim was not made in the return
153A was not allowable in terms of
provisions of Section 80AC ... claim of the assessee by referring to the
provisions of Section 80AC of the Act that the claim was not made in the return
153A was not allowable in terms of
provisions of Section 80AC ... claim of the assessee by referring to the
provisions of Section 80AC of the Act that the claim was not made in the return
