ITA No.1927/Chny/2024

Parties Involved

Facts Summary

The assesse, S-425 Seeliyampatty Primary Agricultural Co-operative Credit Society, filed a delayed return of income on 28.03.2021 due to the extension of the time limit for filing returns by the Central Board of Direct Taxes (CBDT) notification No.93 / 2020 / F-370142/35 / 2020 / TPL dated 28.03.2021 due to Covid-19. The Income Tax Officer denied the deduction under section 80P of the Income Tax Act due to the delay in filing the return. The assesse filed an appeal against this order, challenging the denial of the deduction. The appeal was heard by the Income Tax Appellate Tribunal (ITAT) 'B' Bench in Chennai.…

Legal Issues

• 1. Denial of deduction u/s 80P due to delayed filing of return

Judgment Outcome

Decided in favour of Assessee.

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