https://www.taxtmi.com/caselaws?id=755726 The ITAT Mumbai allowed the appeal of a co-operative society assessee regarding disallowance under section 80P(2)(d) for interest income from co-operative bank investments. The revenue incorrectly treated the due date for filing returns as 1-08-2011, despite the assessee filing within the extended due date under section 139(1). The tribunal noted that for co-operative societies with audited books, the due date was 30-09-2018, and section 80AC provisions were only applicable from AY 2018-19, not the relevant AY 2011-12. The CIT(A) order was set aside, directing the AO to allow the deduction claim. en-us Tue, 07 Nov 2023 00:00:00 +0530 Thu, 18 Jul 2024 06:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755726 The ITAT Mumbai allowed the appeal of a co-operative society assessee regarding disallowance under section 80P(2)(d) for interest income from co-operative bank investments. The revenue incorrectly treated the due date for filing returns as 1-08-2011, despite the assessee filing within the extended due date under section 139(1). The tribunal noted that for co-operative societies with audited books, the due date was 30-09-2018, and section 80AC provisions were only applicable from AY 2018-19, not the relevant AY 2011-12. The CIT(A) order was set aside, directing the AO to allow the deduction claim. Case-Laws Income Tax Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755726