authorities below to the assessee's claims for deductions under ss. 80C and 80CCA of the IT Act, 1961.
2. The assessee, an individual ... towards Public Provident Fund (PPF) and claimed deduction under s. 80C of the Act. Similarly, he contributed a sum of Rs. 25,000 towards
authorities below to the assessees claims for deductions under ss. 80C and 80CCA of the IT Act, 1961.
2. The assessee, an individual, derives income ... towards Public Provident Fund (PPF) and claimed deduction under s. 80C of the Act. Similarly, he contributed a sum of Rs. 25,000 towards
amount received by him. According to him deduction under Section 80C could be claimed only if the investments in question had been made ... Saving Certificates from these amounts condition for allowability of deduction under Section 80C was satisfied. Reliance was placed on the decision of the Supreme Court
claim
deduction under Chapter VI-A for investment made u/s 80C
and taxes are to be levied at normal rates as per prescribed
slab ... maximum marginal rate and also to
allow the deduction u/s.80C of the Act as it is claimed that the
assessee is eligible
considering the facts that the assessee is eligible for deduction u/s. 80C for
payment of LIC premium of his son to the extent ... considering the facts that the assessee has actually claimed deduction u/s.
80C of Rs.1,50,000 only
stated that assessee has claimed
deduction of Rs. 3820 u/s. 80C of the act. During the course of assessment, the assessee
was asked ... produce the evidence in support of claim of deduction u/s. 80C . However,
the assessee has not furnished any supporting evidence, therefore, the assessing officer
making addition of Rs. 1,00,000/- u/s 80C of the Act.
ITA No. 2192/Ahd/2025
Munir Usmanbhai Ghanchi Vs. ITO
Asst.Year ... account of capital, (iii) disallowance u/s 80C of the Act and (iv)
addition of Rs. 20,91,261/- as undisclosed business receipts.
4. Aggrieved
this regard, the Act has a provision in the form of section
80C, where the assessee can claim deduction at the time of
investment ... annum. If the assessee has
not availed the benefits of section 80C because of reasons
known to him (may be he had claimed deduction
balances and
NSC which are tax saving investments claimed under section 80C
over the years. All these are accumulated figures. The balance
figure ... balances
and NSC which are tax saving investments claimed under section
80C over the years. All these are accumulated figures. The
balance figure
subject to the provisions of this Chapter, the deductions specified in Sections 80C to 80U .
(2) The aggregate amount of the deductions under this Chapter ... computing the total income of an assessee deductions specified in Sections 80C to SOU shall be allowed from the "gross total income
