ITAT Chandigarh Allows Sec 80P(2)(d) Deduction – 31 Oct Due Date Applies Due to Statutory Audit

Madanpur Co-operative House Building Society Limited Vs ITO (ITAT Chandigarh) Section 80P(2)(d) Deduction Allowed – Co-operative Society Entitled to 31 Oct Due Date Due to Statutory Audit Requirement – ITAT Chandigarh ITAT allowed deduction of ₹98.04 lakh u/s 80P(2)(d) holding that the return filed on 31-10-2019 was within the due date applicable to a co-operative society whose accounts were required to be audited under the Punjab State Co-operative Societies Act. Tribunal observed that Explanation-2(a)(ii) to sec.139(1) extends the due date to 31 October where statutory audit is mandate...