Section 80P deduction allowable If delay in ITR filing condoned by PCIT

Amasebail Vyvasaya Seva Sahakari Sangha Ltd. Vs DCIT (ITAT Bangalore) In this case, the main plea of the assessee is that assessee filed an application for condonation of delay in filing the income tax return for the assessment year 2018-19 and on this basis, exemption u/s 80P of the Act to be granted. In my opinion, if the delay is condoned by the competent authority, assessee is entitled for exemption u/s 80P of the Act in accordance with law. Hence, I remit the issue to the file of AO to examine whether application filed by the assessee on 30.11.2018 before PCIT, Central Revenue Building, A...