Denial of deduction u/s 80P for non-filing return within due date prescribed u/s 139(1) is unjustified

Aliudepur Seva Sahakari Mandli Ltd Vs ADIT (ITAT Rajkot) ITAT Rajkot held that denial of deduction under section 80P of the Income Tax Act on the allegation of non-filing of Return of Income within the due date prescribed under section 139(1) of the Income Tax Act is unjustified. Facts- The assessee is a Co-operative Society duly registered under the Gujarat Co-operative Societies Act vide Registration No. 1460/1955 dated 19.08.1955. The assessee is engaged in the business of providing credit facilities (financing) to its members only. The assessee has earned interest income from its members a...