Deduction u/s 80P was allowable as amendment of Section 80AC was not retrospective in nature

Sanchar Gramin Bigarsheti Vs ITO (ITAT Pune)

Conclusion: Since it was only from 01.04.2018, furnishing of income-tax turn u/s.139(1) was made mandatory for claiming deduction u/s.80P.  The case of assessee pertained to AYrs. 2015-16 and 2016-17 the amendment brought in by the Finance Act, 2018 w.e.f. 01.04.2018 will not be applicable to assessee and therefore even if the income-tax return was not furnished by assessee society u/s.139(1), for the purpose of computing the total income, assessee was eligible for deduction u/s.80P.

Held: Assess

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