CPC cannot disallow 80P deduction while processing return u/s 143(1) for pre–A.Y. 2021–22 cases

Dindoshi Onkar Co-operative Housing Society Limited Vs ITO (ITAT Mumbai) Assessee, a co-operative housing society, claimed deduction of ₹50,000 u/s 80P(2)(c) & ₹1,99,792 u/s 80P(2)(d). CPC, while processing return u/s 143(1), disallowed the deduction merely because the return was filed belatedly.  CIT(A), Panaji upheld this disallowance. Before the Tribunal, the Assessee argued that no adjustment for disallowance of 80P deduction could be made while processing u/s 143(1), since such power existed only from A.Y. 2021–22 onward after amendment. ITAT relied on its earlier decision in N...