https://www.taxtmi.com/caselaws?id=448785 The tribunal ruled in favor of the assessee, a Co-Operative Society, by setting aside the disallowance of the deduction under section 80P of the Income Tax Act, 1961, despite the return being filed after the due date. Although the CIT (A) and assessing officer initially disallowed the deduction, the tribunal found that the disallowance was not permissible under section 143(1)(a)(v) for the impugned year. The tribunal concluded that the amendment effective from 01.04.2021 did not cover section 80P, thus allowing the appeal and reversing the prior disallowance. en-us Wed, 24 Jan 2024 00:00:00 +0530 Tue, 30 Jan 2024 08:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448785 The tribunal ruled in favor of the assessee, a Co-Operative Society, by setting aside the disallowance of the deduction under section 80P of the Income Tax Act, 1961, despite the return being filed after the due date. Although the CIT (A) and assessing officer initially disallowed the deduction, the tribunal found that the disallowance was not permissible under section 143(1)(a)(v) for the impugned year. The tribunal concluded that the amendment effective from 01.04.2021 did not cover section 80P, thus allowing the appeal and reversing the prior disallowance. Case-Laws Income Tax Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448785