Section 80P Deduction Cannot Be Denied by CPC for AY 2019-20

Shree Jalram Coop. Credit Society Ltd. Vs (ITAT Ahmedabad) Section 80P Deduction Cannot Be Disallowed by CPC for AY 2019-20 Using Later Amendment: ITAT Ahmedabad Summary: The Ahmedabad Bench (SMC) of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of a co-operative credit society for AY 2019-20 and deleted the disallowance of ₹20.05 lakh under section 80P made through intimation under section 143(1) by CPC. The CPC had denied deduction under section 80P while processing the return, and the disallowance was upheld in rectification proceedings under section 154 and by the CIT(A). T...