https://www.taxtmi.com/caselaws?id=337371 The Kerala High Court restored the appeal to the Tribunal concerning a cooperative society's belated filing of the income tax return for AY 2010-11. The denial of deduction u/s 80P was challenged, with the High Court emphasizing that exemptions should be considered if returns are filed within statutory timelines. The Court clarified that even belatedly filed returns can be valid for exemption if pending in the adjudication hierarchy. The Tribunal ruled in favor of the primary agricultural credit society, allowing the deduction u/s 80P(2) based on its status under the Kerala Cooperative Societies Act, 1969, supported by the Registrar's certificate. en-us Tue, 03 Jan 2017 00:00:00 +0530 Thu, 05 Jan 2017 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337371 The Kerala High Court restored the appeal to the Tribunal concerning a cooperative society's belated filing of the income tax return for AY 2010-11. The denial of deduction u/s 80P was challenged, with the High Court emphasizing that exemptions should be considered if returns are filed within statutory timelines. The Court clarified that even belatedly filed returns can be valid for exemption if pending in the adjudication hierarchy. The Tribunal ruled in favor of the primary agricultural credit society, allowing the deduction u/s 80P(2) based on its status under the Kerala Cooperative Societies Act, 1969, supported by the Registrar's certificate. Case-Laws Income Tax Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337371