Nagar Palika Nigam Karmchari Kalyan Sakh Sahakari Sanstha Maryadit, Ujjain Vs. CPC, Bangaluru / CIT, NFAC, Delhi

Parties Involved

Facts Summary

The assessee, a society of employees of a local body, filed its return of income for the Assessment Year (AY) 2019-20 belatedly on 30.09.2020, claiming a deduction under section 80P. The Assessing Officer (AO) processed the return under section 143(1) and disallowed the deduction on the ground that the return was not filed by the due date under section 139(1). The assessee carried the matter in first appeal but did not succeed. Now, the assessee has come in appeal before the Income Tax Appellate Tribunal (ITAT) challenging the orders of the lower authorities.…

Legal Issues

• 1. Whether the disallowance made by the AO and upheld by the Commissioner of Income-Tax (Appeals) (CIT(A)) by rejecting the assessee's claim of deduction under section 80P was in order?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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