https://www.taxtmi.com/caselaws?id=363061 The High Court clarified that even if returns are filed beyond the stipulated period, they can still be considered for deductions under section 80P of the Income Tax Act. The Tribunal directed the Assessing Officer to promptly consider the deduction u/s 80P, allowing the appeals for statistical purposes and dismissing the stay applications as infructuous. The Court emphasized that belatedly filed returns can be accepted for assessment proceedings, ensuring the assessee's right to claim deductions. en-us Thu, 05 Jul 2018 00:00:00 +0530 Sat, 07 Jul 2018 08:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363061 The High Court clarified that even if returns are filed beyond the stipulated period, they can still be considered for deductions under section 80P of the Income Tax Act. The Tribunal directed the Assessing Officer to promptly consider the deduction u/s 80P, allowing the appeals for statistical purposes and dismissing the stay applications as infructuous. The Court emphasized that belatedly filed returns can be accepted for assessment proceedings, ensuring the assessee's right to claim deductions. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363061