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2022 (9) TMI 159 - Income Tax
Deduction u/s.80P - Denial of deduction as assessee did not furnish the renewal certificate - CIT(A) observed that the renewal license filed by the assessee and the consequential renewal certificate did not pertain to the period of previous year relevant to the assessment year under consideration - HELD THAT:- As AR submitted that such certificate was furnished before the ld. CIT(A) which skipped his attention and prayer was made that the matter may be sent back to the AO for examining necessary renewal certificate and the availability of deduction u/s.80P.
No serious objection was taken by the ld. DR. In view of the above factual position, set-aside the impugned order and remit the matter to the file of the AO for deciding afresh the granting or otherwise of the deduction u/s.80P after allowing reasonable opportunity of hearing to the assessee. Assessee appeal is allowed for statistical purposes.