{"id":63316,"date":"2026-07-31T16:37:27","date_gmt":"2026-07-31T11:07:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/geecee-ventures-ltd-v-dy-cit-2025-127-itr-371-174-taxmann-com-1285-mum-trib-2\/"},"modified":"2026-07-31T16:37:27","modified_gmt":"2026-07-31T11:07:27","slug":"geecee-ventures-ltd-v-dy-cit-2025-127-itr-371-174-taxmann-com-1285-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/geecee-ventures-ltd-v-dy-cit-2025-127-itr-371-174-taxmann-com-1285-mum-trib-2\/","title":{"rendered":"Geecee Ventures Ltd. v. Dy. CIT (2025) 127 ITR 371 \/ 174 taxmann.com 1285 (Mum.)(Trib.)"},"content":{"rendered":"<p>The Tribunal held that denial of deduction under section 80-IA while processing the return under section 143(1) did not preclude the assessee from raising the issue in appeal against the assessment under section 143(3). Deduction under section 80-IA is allowable from the gross total income and cannot be denied merely because the eligible profits stand adjusted against losses under the head &#8220;Profits and gains of business or profession&#8221;. The order of the Commissioner (Appeals) directing verification and allowance of the claim was upheld. (AY. 2018-19).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80-IA : Industrial undertaking-Deduction-To be allowed from gross total income-Order of CIT(A) to allow deduction after verification of claim was held to be proper. [S.  143(3)]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63316","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gte","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63316","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=63316"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63316\/revisions"}],"predecessor-version":[{"id":63317,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63316\/revisions\/63317"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}