Allowing the appeal the Court held that the document placed before the court said to be the revised return would indicate that the deductions under Chapter VI-A were claimed by the assessee. The orders of the Assessing Officer and the appellate authorities were to be set aside and the matter remanded to the Assessing Officer to re-examine the deduction claimed by the assessee with respect to the revised return in view of the provisions of section 80AC of the Act. (AY.2006-07)
Hinduja Land Developments (P.) Ltd. v. ACIT (2022) 440 ITR 135 / 284 Taxman 662/ 213 DTR 164/ 326 CTR 464 (Karn.)(HC)
S. 80IB(10) : Housing projects-Denial of exemption on the ground that in the revised return the claim was withdrawn-Denial of exemption on hyper technicalities is held to be unjustified-Matter remanded to the Assessing Officer. [S.80AC]