CS Professional · Advanced Direct Tax Laws and Practice · Assessment
Which of the following is a ground for adjustment while processing a return under section 270(1)(a) of the Income-tax Act, 2025?
A deduction claimed above the specified statutory limit is an incorrect claim apparent from the return and can be adjusted during processing. Matters requiring enquiry, such as genuineness of creditors or rejecting books, belong to scrutiny assessment instead.
- AA deduction claimed that exceeds the specified statutory limit, being an incorrect claim apparent from the returnCorrect
- BA disallowance based on the Assessing Officer's doubt on the genuineness of a loan creditor
- CEstimation of income by rejecting books of account
- DAddition on account of unexplained cash credit found after enquiry
Explanation
Under section 270(5)(a)(iii), a deduction exceeding a specified statutory limit is an incorrect claim apparent from the return and can be adjusted at processing. The other options need enquiry or evidence and belong to scrutiny assessment, not processing.
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