Belated Filing under IT Act 139(4) Can’t Deny Section 80P Tax Deduction: ITAT

Sahakari Ganna Vikas Samiti Vs ITO (ITAT Delhi)

Introduction: The Income Tax Appellate Tribunal (ITAT) Delhi has taken up the appeal of Sahakari Ganna Vikas Samiti against the denial of tax deductions claimed under Section 80P of the Income Tax Act. The denial was based on the filing of the return one day belatedly under Section 139(4) of the Act. The ruling sheds light on the technicalities of filing returns, the implications of filing belated returns, and the legal interpretation of the relevant sections.<

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