Original assessment order u\/s 143(3) allowing the claim of deduction u\/s 80-IA-Application for rectification u\/s 154 of the Act filed by the assessee for granting credit for the TDS being the mistake apparent from records-Disposed off by the AO granting credit for the TDS without disturbing the claim u\/s 80-IA-Assessee filed the appeal before the CIT (Appeals) against other disallowances made u\/s 143(3) and the same has been disposed off by the CIT (Appeals) with substantial relief-At the time of the passing the order to give effect to the CIT (Appeals)\u2019s order, the AO issued notice u\/s 154 proposing to disallow the deduction u\/s 80-IA-While not considering the reply of the assessee, the AO passed the order giving effect to the CIT (Appeals)\u2019s order with the disallowance of deduction u\/s 80-IA, which had already been allowed u\/s 143(3) and subsequent to the order passed u\/s 154.<\/p>\n
Once an order u\/s 154 is passed for the rectification of the apparent mistake in the order u\/s 143(3) of the Act, the rectification order u\/s 154 could not be considered to be an independent proceeding, but it would be termed as the original assessment order modified\/rectified. Hence, the time limit for rectification to deny deduction u\/s 80-IA should be reckoned only from the date of original assessment order u\/s 143(3) and therefore, the AO\u2019s order giving effect to the CIT (Appeals)\u2019s order with an attempt to deny the deduction u\/s 80-IA of the Act in the garb of apparent mistake, is clearly barred by the limitation as provided u\/s 154(7) of the Act. Even on merits, the assessee is eligible to deduction u\/s 80-IA r.w. Section 80-IA(12A) of the Act.(AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 154 : Rectification of mistake-Mistake apparent from the record-Time limit-Barred by limitation-Merit also eligible deduction. [S.80IA, 143(3) 154(7)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-43756","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bnK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=43756"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43756\/revisions"}],"predecessor-version":[{"id":43757,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43756\/revisions\/43757"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}