Section 80P deduction cannot be denied for delay in filing auditors report

Neptune Snowden Peak Co-op Housing Society Ltd Vs ITO (ITAT Mumbai) Briefly stated, common facts necessary for adjudication of the controversy at hand are – assessee being a co-operative housing society, filed the return of income which was processed under section 143(1) of the act by the Deputy Commissioner of Income-tax, Central Processing Centre (CPC), Bangalore and thereby raised a demand of Rs.2,00,640/- for the year under consideration, by making a disallowance of deduction claimed by the assessee amounting to Rs.5,24,583/- under section 80P(2)(d) of the Income-tax Act, 1961. Ld. CIT(A...