80P Deduction Denied Due to Late Filing of Return: HC Directs to seek Condonation

Ramarajapuram Primary Agricultural Co-Operative Credit Society Vs ADIT (Madras High Court) The Madras High Court dealt with two writ petitions filed by a Primary Agricultural Co-operative Credit Society challenging auto-generated intimations issued under Section 143(1) of the Income Tax Act for Assessment Years 2019–2020 and 2023–2024. The petitioner contended that due to statutory requirements under the Tamil Nadu Co-operative Societies Act, returns could only be filed after completion of statutory audit, which caused delay. It was further submitted that lack of expertise resulted in fail...