https://www.taxtmi.com/caselaws?id=444086 The appeal was allowed in favor of the assessee, a Co-operative Society, regarding the denial of exemption claimed under Section 80P of the Income Tax Act for the Assessment Year 2020-21. The denial of the deduction under Section 80P(2)(b) due to late filing of returns was overturned. The delay in filing the return was deemed justified due to circumstances beyond the control of the assessee, such as delayed audit by the Government Auditor. The assessee was found entitled to the deduction under Section 80P, and the disallowance solely based on the delay in filing the return was deemed unjustified. en-us Wed, 09 Aug 2023 00:00:00 +0530 Mon, 09 Oct 2023 10:06:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444086 The appeal was allowed in favor of the assessee, a Co-operative Society, regarding the denial of exemption claimed under Section 80P of the Income Tax Act for the Assessment Year 2020-21. The denial of the deduction under Section 80P(2)(b) due to late filing of returns was overturned. The delay in filing the return was deemed justified due to circumstances beyond the control of the assessee, such as delayed audit by the Government Auditor. The assessee was found entitled to the deduction under Section 80P, and the disallowance solely based on the delay in filing the return was deemed unjustified. Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444086