Denial of exemption u/s 80P of Income Tax Act just because of belated filing of return not justifiable

Ambaradi Seva Sahkari Mandali Ltd. Vs DCIT (CPC) (ITAT Rajkot) ITAT Rajkot held that denying the exemption under Section 80P of the Income Tax Act merely on the ground of belated filing of return by the assessee is not justifiable. Facts- The assessee is a co-operative society. Post filing of return of income, the assessee was in receipt of communication u/s. 143(1)(a) of the Act from CPC dated 08.12.2020 for proposed adjustment u/s. 143(1)(a) of the Act in returned income for not granting deduction of Rs.18,20,276/- claimed in the return of income u/s. 80P of the Act stating that of the asses...