https://www.taxtmi.com/caselaws?id=340976 The Hon'ble Kerala High Court restored the matter to the Tribunal, emphasizing that belatedly filed returns could still be considered for exemptions under section 80P if assessments were pending. Subsequently, the Tribunal ruled in favor of the cooperative society, a primary agricultural credit society, granting the benefit of deduction under section 80P(2) based on its confirmed status. The Tribunal's decision allowed the appeal in part, providing the assessee with the entitled deduction under section 80P(2) of the IT Act. en-us Tue, 14 Mar 2017 00:00:00 +0530 Thu, 30 Mar 2017 07:02:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340976 The Hon'ble Kerala High Court restored the matter to the Tribunal, emphasizing that belatedly filed returns could still be considered for exemptions under section 80P if assessments were pending. Subsequently, the Tribunal ruled in favor of the cooperative society, a primary agricultural credit society, granting the benefit of deduction under section 80P(2) based on its confirmed status. The Tribunal's decision allowed the appeal in part, providing the assessee with the entitled deduction under section 80P(2) of the IT Act. Case-Laws Income Tax Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340976