Shyamganj Pirijpur Samabay Krishi Unnayan Samity Ltd. vs ACIT, Circle-38, Midnapur
Case No: ITA No.1961/KOL/2024
Court: Income Tax Appellate Tribunal, Kolkata Benches
Date: 2/5/2025
Parties Involved
appellantShyamganj Pirijpur Samabay Krishi Unnayan Samity Ltd.
respondentACIT, Circle-38, Midnapur
Facts Summary
The assessee, Shyamganj Pirijpur Samabay Krishi Unnayan Samity Ltd., is a Primary Agricultural Credit Cooperative Society carrying on the banking business. The assessee filed the return of income for the Assessment Year 2018-19 on 18.03.2019, which was beyond the due date of 31.08.2018. The assessee claimed a deduction under section 80P of the Income-tax Act, 1961, amounting to Rs.5,46,053/-. The CPC disallowed this deduction for non-filing of the income-tax return within the due date. Aggrieved…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the CPC was justified in denying the deduction claimed by the assessee under section 80P of the Act for filing the return belatedly.
Precedents Relied Upon
1 precedent cited in this judgement.