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2022 (6) TMI 126 - AT - Income TaxDeduction u/s 80P - AO vide order u/s 154 rejected the application of the appellant as it had not claimed the deduction in its return of income - HELD THAT:- AO could hardly dispute the clinching fact that the assessee had not raised the impugned section 80P deduction claim in its return of income filed u/s 139(1) which forms a mandatory condition u/s 80A(5) r.w.s. 80AC of the Act as per decision in M/s. EBR Enterprises vs. Union of India [2019 (6) TMI 484 - BOMBAY HIGH COURT] deciding the issue in Revenue’s favour. We therefore reject the assessee’s instant sole substantive grievance as well as the main appeal for this precise reason alone.
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