Assessment
This query is : Resolved
16 August 2010
Whetehr Assessing officer can allow deduction/exemptions if not claimed by the assessee in his return?
16 August 2010
Yes. If proper evidence is presented before Assessing Officer he can allow deduction/exemption even if same is not claimed by assessee by mistake in his return.
16 August 2010
YES HE CAN ALLOW THE DEDUCTION AND EXEMPTION IF IT IS APPARENT MISTAKE .
16 August 2010
The alternative is to just revise the return as & when , the mistake in the ITR gets noticed.
If it gets noticed after the issue of assessment order, then obviously, you have to produce ample evidence before the AO for claiming additional deduction or exemption.
If it gets noticed after the issue of assessment order, then obviously, you have to produce ample evidence before the AO for claiming additional deduction or exemption.
17 August 2010
can i get the section under which AO can allow such deduction?
In addition,is there any amendment in the act wherein AO cannot allow deduction if not filed in return?
In addition,is there any amendment in the act wherein AO cannot allow deduction if not filed in return?
18 August 2010
U/s 154
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- Multiple payment of self assessment tax for A Y 2025-2026
- Gst reverse charge mechanism to be claimed in the month of payment
- Taxation on Old jewellery sold
- PF wage ceiling
- Itr processing refund
- Error in uploading Form 10BD
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
