https://www.taxtmi.com/caselaws?id=430750 The appeals against disallowed deductions under sections 80P(2)(a)(i) and 80P(2)(d) due to late filing of returns under section 139(1) for the assessment years 2018-19 and 2019-20 were heard by the Appellate Tribunal ITAT PANAJI. The Judicial Member ruled in favor of the assessee, finding that the assessee qualified under Explanation-2(a)(ii) of section 139(1) as a person liable to be audited under the state cooperative law. Consequently, the disallowance of deductions was reversed, and the matter was remanded back to the Assessing Officer for fresh adjudication. The appeals were allowed for statistical purposes, with the judgment pronounced on 24.11.2022. en-us Thu, 24 Nov 2022 00:00:00 +0530 Sat, 26 Nov 2022 09:01:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430750 The appeals against disallowed deductions under sections 80P(2)(a)(i) and 80P(2)(d) due to late filing of returns under section 139(1) for the assessment years 2018-19 and 2019-20 were heard by the Appellate Tribunal ITAT PANAJI. The Judicial Member ruled in favor of the assessee, finding that the assessee qualified under Explanation-2(a)(ii) of section 139(1) as a person liable to be audited under the state cooperative law. Consequently, the disallowance of deductions was reversed, and the matter was remanded back to the Assessing Officer for fresh adjudication. The appeals were allowed for statistical purposes, with the judgment pronounced on 24.11.2022. Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430750