Return Filing Mandatory for claiming Section 80P Deduction: ITAT Bangalore

Madhu Souharda Pathina Vs ITO (ITAT Bangalore) Introduction: In a significant ruling by the Income Tax Appellate Tribunal (ITAT) Bangalore, the case of Madhu Souharda Pathina Vs ITO has brought to light the crucial requirement of filing a return of income for claiming deductions under Section 80P of the Income Tax Act. This decision underscores the adherence to procedural norms for availing tax benefits, setting a precedent for cooperative societies and Associations of Persons (AOPs). Detailed Analysis: The crux of the matter revolved around the appellant, Madhu Souharda Pathina, a cooperative...