Procedural Delay Not Fatal: ITAT Upholds 80P Deduction on Credit Co-op Interest

Sharada Credit Cooperative Society Limited Vs ITO (ITAT Bangalore) Delay Condoned, 80P Restored: ITAT Allows 80P(2)(a)(i) Deduction on Interest Income of Credit Co-op Society  Bangalore ITAT has condoned a delay of 247 days and allowed deduction u/s 80P(2)(a)(i) to Shree Sharada Credit Cooperative Society Ltd. for AYs 2018-19 & 2020-21, reversing the orders of AO & NFAC-CIT(A). The delay occurred as the CIT(A) orders were served on an old email ID after change of authorised CA; the Society came to know of the orders only in May 2025 while finalising accounts. Holding this to be a “s...