Appeal Dismissed as Infructuous as Rectification Order Restored Section 80P Deduction

Presidential Plaza Co-op Premises Society Limited Vs ITO (ITAT Mumbai) The appeal before the Income Tax Appellate Tribunal (ITAT), Mumbai, arose from an order dated 29 February 2024 passed by the Commissioner of Income Tax (Appeals), who had dismissed the assessee’s appeal for Assessment Year 2013-14 on the ground of a delay of approximately nine years and declined to condone the delay. The assessee, a co-operative society registered under the Maharashtra Co-operative Societies Act, 1960, had filed its return declaring income of ₹6,94,120 after claiming deduction under Section 80P amountin...