Section 80P Claim Sent Back as Return Delay May Be Condoned

Kadalaikattupudur Primary Agricultural Co-operative Society Vs ITO (ITAT Chennai) Deduction u/s 80P Denied for Late Return – Matter Restored in View of Pending Condonation Petition The Chennai Bench of the Income Tax Appellate Tribunal dealt with an appeal filed by a Primary Agricultural Co-operative Credit Society whose claim for deduction under section 80P was denied while processing the return under section 143(1) solely on the ground that the return was not filed within the due date prescribed under section 139(1). The assessee had filed an updated return claiming deduction u/s 80P, expl...