Sec. 80P Deduction Cannot Be Denied for Delay; Return Filed Within Sec. 139(4) Period

Dhar Deva Sahakari Mandali Ltd Vs DCIT (ITAT Rajkot) Income Tax Appellate Tribunal (ITAT) Rajkot has intervened in the appeal of Dhar Deva Sahakari Mandali Ltd Vs DCIT, challenging the disallowance of Section 80P deduction for a co-operative society due to the late filing of its income tax return. The Tribunal’s order, pronounced on October 31, 2022, restores the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for re-evaluation on its merits, asserting limitations on the powers of the Centralized Processing Centre (CPC) under Section 143(1) of the Income Tax Act, 1961, for th...