Section 143(1) Intimation Invalid if Based on Return Declared Invalid by CPC: ITAT Bangalore

Mysore District Judicial Employee Credit Co-operative Society Limited Vs ITO (ITAT Bangalore)

For the AY 2020–21, assessee co-operative society, primarily engaged in providing credit facilities to its members, did not file its return of income within the time either u/s 139(1) or 139(4). Instead, the assessee took recourse to the updated u/s 139(8A) & claimed 80P(2)(a)(i) deduction declaring NIL income after this deduction.

The return filed u/s 139(8A) was held invalid by the CPC vide intimation for the reason that tax as per sec 140B  not paid and Part-B-ATI was also

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