https://www.taxtmi.com/caselaws?id=757959 ITAT Ahmedabad dismissed the appeal challenging denial of deduction under Section 80P. The assessee failed to file return within the due date prescribed under Section 139(1) and claimed the deduction only in a belated return filed pursuant to notice under Section 148. The tribunal held that under amended Section 80AC effective from AY 2018-19, deduction under Section 80P is admissible only when claimed in returns filed on or before the due date. The tribunal noted CBDT Circular No.13/2023 provides a mechanism for condonation of delay by the Competent Authority, suggesting the assessee pursue that remedy instead. en-us Tue, 20 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 07:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757959 ITAT Ahmedabad dismissed the appeal challenging denial of deduction under Section 80P. The assessee failed to file return within the due date prescribed under Section 139(1) and claimed the deduction only in a belated return filed pursuant to notice under Section 148. The tribunal held that under amended Section 80AC effective from AY 2018-19, deduction under Section 80P is admissible only when claimed in returns filed on or before the due date. The tribunal noted CBDT Circular No.13/2023 provides a mechanism for condonation of delay by the Competent Authority, suggesting the assessee pursue that remedy instead. Case-Laws Income Tax Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757959