Delay in Govt Auditor’s Audit Report Doesn’t Deny U/S 80P Deduction

Uttam Dairy Staff Co-operative Credit & Supply Society Limited Vs AO (ITAT Ahmedabad) Introduction: The case of Uttam Dairy Staff Co-operative Credit & Supply Society Limited vs. AO (ITAT Ahmedabad) revolves around the denial of Income Tax deduction under Section 80P due to the delayed submission of the audit report by the Government Auditor. The Income Tax Appellate Tribunal (ITAT) upheld the taxpayer’s claim for deduction despite the delay. 1. Background of the Case Uttam Dairy Staff Co-operative Credit & Supply Society Limited, the assessee, filed its income tax return for...