assuming sec. 263 revision jurisdiction holding the Assessing Officer to
have not carried out any factual verification / enquiry as sec. 33AB claim goes against ... come on record that PCIT's sec. 263 show
cause had raised the issue of sec. 33AB deduction only from beginning till
Section 15 in Finance Act, 2020
15. Amendment of section 33AB.
- In section 33AB of the Income-tax Act, in sub-section
under clause (i) of sub-section (5), in the event of failure to satisfy the conditions contained in sub-section (2), it shall become invalid ... section (2) of section 23) or clause (iia) of sub-section (1) of section 32 or section 32AD or section 33AB or section 33ABA
contained in sub-section (2) are satisfied:
Provided that where the person fails to satisfy the conditions contained in sub-section (2) in computing ... provisions of section 10AA or clause (iia) of sub-section (1) of section 32 or section 32AD or section 33AB or section 33ABA
Finance Act, 2020
UNION OF INDIA
India
Finance Act, 2020
Act 12 of 2020
Published
2020
ORAL ORDER
1. This is an application for regular bail under section
439 of the Code of Criminal Procedure in connection
with ... offences punishable under sections 306 ,
504 , 506(2) and 114 of the Indian Penal Code and
sections 32 , 33AB of the Money Lenders
