Section 80P Denial Collapses After Section 119(2)(b) Condonation – CPC Intimation Cannot Survive

S55 Keerippatty Primary Agricultural Co-op. Credit Society Ltd. Vs ITO (ITAT Chennai)

The ITAT Chennai set aside the CIT(A)’s order and held that once the delay in filing the return is condoned u/s 119(2)(b), the very basis for denying deduction u/s 80P disappears.

The assessee, a Primary Agricult

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