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2021 (9) TMI 228 - AT - Income TaxIncome from pension fund u/s 10(23AAB) - CIT(A) admitted the fresh claim - Claim of exemption when the income is taxable u/s 44 - HELD THAT:- As relying on own case [2019 (8) TMI 1754 - ITAT MUMBAI] in the instant case the assessee filed revised computation of claim at the time of assessment proceedings - CIT(A) accepted the enhanced claim made in revised computation. Once the assessee is held to be eligible for claiming the benefit of exemption u/s.10(23AAB) of the Act, the exemption of correct amount should be allowed to the assessee. If the assessee failed to revise its claim by way of revised return of income, for any reason whatsoever, the assessee is not estopped to make correct claim by way of revised computation. The revised claim can be entertained in appellate proceedings. We find no infirmity in the action of CIT(A) to allow revised enhanced claim. The ground no.1 of the appeal by Revenue is thus dismissed. Deduction on dividend income u/s 10(34) - HELD THAT:- As relying on own case .[2019 (8) TMI 1754 - ITAT MUMBAI]AO is directed to allow appellant's claim of sec.10(34). Disallowance u/s 14A - HELD THAT:- As relying on ICICI PRUDENTIAL INSURANCE CO LTD.[2012 (11) TMI 13 - ITAT MUMBAI] we hold that the provisions of section 14A are not attracted in the case of Insurance Companies.
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