ITAT Rajkot allows Section 80P Deduction despite Belated ITR Filing

Lunidhar Seva Sahkari Mandali Ltd. Vs Assessing Officer (CPC) (ITAT Rajkot) Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has ruled in favor of Lunidhar Seva Sahkari Mandali Ltd., a co-operative society, allowing its claim for deduction under Section 80P of the Income Tax Act, 1961, despite the belated filing of its income tax return for Assessment Year 2019-20. The decision overturns the previous adjustments made by the Central Processing Centre (CPC), Bengaluru, and upheld by the National Faceless Appeal Centre (NFAC), Delhi. The case centered on the denial of a Rs. 2,22,704 deduction ...