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Mumbai ITAT Condoned 13-Year Delay, Gives Housing Society Fresh Chance for 80P Claim

Case Law Details

Case Name
Bakhtawar Co-Operative Housing Society Ltd. Vs ITO (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2012-13
Advertisement Bakhtawar Co-Operative Housing Society Ltd. Vs ITO (ITAT Mumbai) 13-Year Delay Condoned – Genuine 80P Claim Can’t Be Buried Under Technicalities” – Mumbai ITAT Gives Fresh Chance to Housing Society In a relief-oriented ruling, the Mumbai ITAT condoned an extraordinary 13-year delay in filing appeal by a co-operative housing society and held that a legitimate claim for deduction u/s 80P(2)(d) deserves proper adjudication rather than rejection on technical grounds alone. The dispute arose after CPC, Bengaluru while processing the return u/s 143(1), denied deduction o...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 6,045

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