The Chaplah Co-operative Agriculture Service Society Limited vs. The ITO

Parties Involved

Facts Summary

The Chaplah Co-operative Agriculture Service Society Limited, an agricultural co-operative society, filed an appeal against the order of the Commissioner of Income Tax (Appeals) upholding the disallowance of a deduction claimed under Section 80P of the Income Tax Act, 1961. The society claimed a deduction of Rs. 5,43,490/- but filed its return of income after the due date. The Assessing Officer disallowed the deduction on the ground that the return was not filed within the due date. The society argued that the Assessing Officer did not have the jurisdiction to disallow the deduction as the enabling provisions were effective from the 2021-22 assessment year.…

Legal Issues

• 1. Whether the Assessing Officer had jurisdiction to disallow the deduction claimed under Section 80P of the Income Tax Act, 1961.

Judgment Outcome

Decided in favour of Assessee.

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