Section 80P deduction cannot be denied merely for non-filing of ITR

Prathamika Krishi Pattina Sahakara Sangha Ltd Vs ITO (ITAT Bangalore)

Brief Facts of the Case:-

1. The case pertains to AY 2016-17 and the assessee is a PACS and derives income from providing credit facilities to its members and farmers. The assessee also distributes fertilizers, manure and PDS products.

2. The assessee did not file ITR.

3. The AO issued a notice u/s. 142(1) calling upon the assessee to file ITR which remained uncomplied.

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