Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]

By Taxscan Team - On July 21, 2022 11:56 am - 2 mins read
Debatable issues - ITAT - Deduction - taxscan

The Chennai bench of the Income Tax Appellate Tribunal (ITAT), has held that debatable issues cannot be adjusted on mere intimation u/s 143 and allows deduction u/s.80JJAA. The appellant, M/s. Tangar Exports LLPhas claimed deduction u/s.80JJAA of the Income Tax Act, 1961, for Rs.1,76,543/- for employing new employees. During scrutiny assessment, the Assessing Officer rejected…

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