Pre-01.04.2021 CPC cannot make Adjustments in section 80P Deduction

West Bengal State Multipurpose Consumers Cooperative Federation Limited Vs ACIT (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT) Kolkata has passed a favorable ruling for the taxpayer, West Bengal State Multipurpose Consumers Cooperative Federation Limited. The ITAT allowed the deduction claimed under section 80P for the Assessment Year (AY) 2019-2020. The decision was based on two grounds: timely filing of the return and jurisdictional issues related to the Central Processing Centre (CPC). The taxpayer’s cooperative society filed its income tax return within the extended due date...