ITAT Restores Section 80P Claim as Delay Condonation Petition Was Pending

Tuticorin Agricultural Producers Co-Op Marketing Society Limited Vs CIT (Appeals) (ITAT Chennai) The ITAT Chennai considered an appeal filed by a co-operative society against the order of the Commissioner of Income Tax (Appeals), NFAC, for Assessment Year 2020-21. The assessee, registered under the Tamil Nadu Cooperative Societies Act, 1983, had initially not filed its return of income for the relevant assessment year. Based on information received through the insight portal regarding sales reported in GSTR-3B amounting to Rs.11.04 crore, substantial cash deposits in cooperative and SBI bank a...