Section 80P deduction cannot be denied for non-filing of return within due date for AY 2019-20

Advertisement Medi Seva Sahakari Mandali Ltd Vs ADIT (ITAT Rajkot) Held by the Rajkot Bench of the Income Tax Appellate Tribunal in the case of [2023] 146 taxmann.com 3 (Rajkot – Trib.) Medi Seva Sahakari Mandali Ltd. V ADIT (CPC) that deduction u/s 80P could not be denied only on the basis that assessee did not filed the Return of Income within due date prescribed u/s 139(1) of the Income Tax Act, 1961. The Assesse is a Co-operative society & filed its Return of Income after the due date mentioned in Section 139(1) & also claimed deduction u/s 80P of the IT Act, 1961. However...