ITAT Remands Section 80P Denial for Co-op Society Over ITR Delay

AA520 Veerappampalayam Primary Agricultural Co-operative Society Ltd. Vs ITO (ITAT Chennai) ITAT Chennai Remands Co-operative Society’s Tax Deduction Case Due to Pending Condonation Petition Income Tax Appellate Tribunal (ITAT), Chennai Bench, has remitted the appeal of AA520 Veerappampalayam Primary Agricultural Co-operative Society Ltd. back to the Commissioner of Income Tax (Appeals) [CIT(A)] for re-adjudication. The case revolves around the denial of deductions claimed by the co-operative society under Section 80P of the Income-tax Act, 1961, primarily due to the belated filing of it...