Satgram R Collery Employees Cooperative Credit Society Ltd vs. ACIT, Circle-1, Asansol
Case No: I.T.A. No.1920/Kol/2025
Court: Income Tax Appellate Tribunal, ‘D’ Bench Kolkata
Date: 11/25/2025
Parties Involved
appellantSatgram R Collery Employees Cooperative Credit Society Ltd
respondentACIT, Circle-1, Asansol
Facts Summary
The assessee, Satgram R Collery Employees Cooperative Credit Society Ltd, filed its return of income for A.Y. 2019–20 on 18.06.2022, declaring a total income of ₹40,07,277. The Centralized Processing Centre (CPC) processed the return under section 143(1) of the Income-tax Act, 1961 and disallowed a deduction under section 80P of the Act amounting to ₹40,07,277 on the ground that the assessee had not filed the return within the time prescribed under section 139(1) of the Act. Aggrieved by this, t…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the disallowance of deduction under section 80P of the Act by the CPC is valid.
Precedents Relied Upon
2 precedents cited in this judgement.