Disallowance of claim of deduction by LIC, under Section 80G of the Income Tax Act 1961


Quick Summary
The Income Tax Appellate Tribunal has allowed an appeal by the Life Insurance Corporation of India (LIC) concerning the assessment year 2007-08. The tribunal quashed the reassessment proceedings initiated by the Assessing Officer. Consequently, the other grounds of appeal became academic and were not addressed.

Court :
ITAT Mumbai

Brief :
By way of this appeal, the assessee-appellant has challenged the correctness of the order dated 27th March 2019, passed by the learned CIT(A) in the matter of assessment u/s. 143(3) r.w.s 147 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) for the assessment year 2007-08.

Citation :
ITA No. 3402/Mum/2019

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1999
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Poojitha Raam Vinay
Published in Income Tax
Views : 167
downloaded 291 times

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