Deduction u/s 80P cannot be denied in 143(1) processing for Belated Return

Pahalampur Samabay Krishi Unnayan Ltd. Vs ITO (ITAT Kolkata) Deduction u/s 80P cannot be denied in 143(1) processing for Belated Return – Adjustment permissible only from AY 2021-22- ITAT Kolkata Kolkata Tribunal held that deduction u/s 80P cannot be denied while processing return u/s 143(1) on the ground of belated filing for AY 2019-20, since such adjustment was permitted only from AY 2021-22 onwards by amendment. Assessee, a co-operative society, had filed return claiming deduction u/s 80P of ₹1,63,83,734. CPC, Bengaluru while processing return u/s 143(1) denied the deduction holding th...