The answer is in negative by Supreme Court in Goetze (India ) Ltd. vs. CIT [2006] 284 ITR 323 (SC) which held that if assessee did not claim the deduction or exemption in return, the claim can not be made to A.O without filing revised return. The decision of the Apex Court was as under The question raised...
Reassessment Notice to ICICI Prudential Quashed By Mumbai high Court
April 27, 2010 by
Rs.98.70 crores. 4 5) Section 44 of the <b>Income</b> <b>Tax</b> <b>Act</b>, 1961 provides that notwithstanding anything contained to the contrary ... First schedule to the <b>Act</b>, <b>income</b> of life insurance business assessable under the <b>Income</b> <b>Tax</b>
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