income and make sure that the
assessee has claimed deduction u/s. 80C while
computing the total income without appreciating the
facts that the assessee ... case there is no
question of making claim of deduction u/s. 80C while
computing the total income."
Similar identical grounds have also been
amounting to Rs. 1,10,277/- and u/s 80C amounting to Rs. 68,135/- on account
of house loan interest and repayments respectivel ... paid on housing loan. Further, the assessee had claimed
deduction u/s 80C at Rs. 68,135/-. As per the Assessing officer, the assessee
could
Commissioner of Income Tax (appeals)
disallowing Rs. 70,000/- u/s 80C of the Income Tax Act being the amount
deposited by the appellant ... this appeal is that the assessee has been denied
deduction u/s 80C of the Income Tax Act being the amount deposited by the appellant
appellant was entitled to statutory
deduction of Rs.1 lac u/s 80C of the I.T. Act.
2. That the denial of deduction ... 80C of
the I.T. Act on facts and in law and also on the grounds
taken and basis adopted by the authorities below
account of undisclosed bank
interest, household withdrawals and unverified deduction u/s 80C,
E. The CIT(A) has erred in law by accepting additional evidences ... account of undisclosed
bank interest, household withdrawals and unverified deduction u/s 80C. These addition are of
very small nature
PHARMA,
REPRESENTED BY ITS MANAGING PARTNER
SRI.BINOY CHANDRAN, RESIDING AT 5/80C,
KOZHUPARAMBIL BLOCK ROAD, VELLANGALORE P.O.
2. BINOY CHANDRAN
RESIDING ... 80C, KOZHUPARAMBIL BLOCK ROAD,
VELLANGALORE P.O.
3. ASAH CHANDRADAS
RESIDING AT 5/80C, KOZHUPARAMBIL BLOCK ROAD,
VELLANGALORE P.O.
BY ADVS. SRI.RAJESH NAMBIAR
assessee is to prevail. Further, drawing analogy from the provisions of
section 80C , ld. counsel pointed out that the contribution of a person ... Employees Provident Fund Act, 1952 is covered u/s 80C whereas the
Contribution to Public Provident Fund Act are also covered u/s 80C .
Therefore
qualified for deduction u/s 80C and therefore, assessee had given
benefit of Rs.1.50 lacs to employees as interest on housing loan ... lacs was
entitled as deduction u/s 24(b) & 80C of the I.T. Act and therefore, while
computing the tax deduction from salary
that the ld. CIT(A) has not given
full benefit u/s 80C ... correct figures of interest and the assesse's claim under
sections 80C , 80L & 88 of the Act. Two school certificates pertaining
Delhi
has erred in allowing deduction u/s 80C of I.T. Act."
2. Brief facts of the case are as under ... made the disallowance of
Rs.1,00,000/- u/s.80C, on the ground that the details regarding
the housing loan which was taken
