80P Disallowance via 143(1) Invalid Before 1-4-2021 – Appeal Allowed

Dagadudhondu Yeola Nagari Sahakari Patsanstha Maryadit Vs ITO (ITAT Pune) CPC Cannot Deny 80P Deduction in 143(1) Before 01-04-2021 – Prima Facie Adjustment Held Invalid – ITAT Pune Allows Appeal The ITAT Pune allowed the appeal of a co-operative society & held that CPC had no power to deny deduction under Chapter VI-A while processing return u/s 143(1)(a) prior to 01-04-2021. The CPC had disallowed deduction u/s 80P merely because the return was filed belatedly, but the Tribunal observed that such adjustment powers were introduced only by Finance Act 2021 through section 143(1...