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: 1. Primary Dispute – Deduction under Section 80P(2)(a)(i): Datta Prasad Sahakari Patsanstha, initially filing as a firm, fac...