Section 80P(2)(a)(i) deduction not allowed if not claimed in Tax Return

Datta Prasad Sahakari Patsanstha Ltd Vs ITO (ITAT Mumbai)

Introduction: The appeal by Datta Prasad Sahakari Patsanstha against the order dated 21-05-2019, issued by the Commissioner of Income Tax (Appeals), Mumbai, for the assessment year 2011-12, centers around the denial of the assessee’s claim for deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961. Additionally, a secondary issue revolves around the assessee’s status.

Detailed Analysis:

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