ITAT Allows Fresh Opportunity for 80P Deduction Claim Due to Non-Submission of Evidence

Madurai Electricity System PSCS Vs ITO (ITAT Chennai) In Madurai Electricity System PSCS Vs ITO, the Chennai Bench of the ITAT considered whether deduction under Section 80P(2)(a)(i) of the Income-tax Act, 1961 could be denied solely due to non-submission of supporting documents. The assessee, a cooperative credit society engaged in providing credit facilities to its members, filed its return for AY 2022–23 declaring nil income after claiming deduction of ₹2.03 crore. During scrutiny, the Assessing Officer disallowed the deduction on the ground that the assessee failed to furnish documenta...