INCOME TAX

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An assessee has filed his return of income for the assessment year 2007-08 in which he has claimed the deduction under section 80 IB of Income Tax Act, 1961 which was not legally admissible as a deduction. The return was processed under section 143(1) of the Income Tax Act, 1961. Is the A.O. empowered to invoke the provision of section 154 of the Income Tax Act, 1961 suo moto for disallowing the deduction claimed by the assessee wrongly in his return of income for the captioned year ?
 
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