Section 80P Deduction Denied Due to Belated Return, Case Sent Back for Condonation Review

Nanawan Co-operative Agriculture Society Ltd. Vs ITO (ITAT Chandigarh)

The Chandigarh Bench of the Income Tax Appellate Tribunal considered an appeal concerning denial of deduction under section 80P(2)(a)(i) of the Income-tax Act, 1961 for Assessment Year 2019–20. The assessment had been framed under section 147 read with section 144B after the case was reopened on the basis of information relating to cash deposits. The assessee, a co-operative agricultural society, had not filed its return of income within the due date under section 139(1). In response to notice under section 14

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