https://www.taxtmi.com/caselaws?id=759701 The ITAT Ahmedabad held that a return filed in response to notice u/s 142(1) constitutes a valid return for claiming deduction u/s 80P. The AO had denied the deduction arguing no return was filed by the due date. The tribunal ruled that Section 80A(5) only requires the claim to be made in a return of income, without specifying it must be filed u/s 139(1) or by due date. The decision was supported by Kerala HC precedent in Chirakkal Service Co-operative Bank Ltd. case. The assessee's claim was allowed, deciding against revenue. en-us Thu, 27 Jun 2024 00:00:00 +0530 Fri, 04 Oct 2024 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759701 The ITAT Ahmedabad held that a return filed in response to notice u/s 142(1) constitutes a valid return for claiming deduction u/s 80P. The AO had denied the deduction arguing no return was filed by the due date. The tribunal ruled that Section 80A(5) only requires the claim to be made in a return of income, without specifying it must be filed u/s 139(1) or by due date. The decision was supported by Kerala HC precedent in Chirakkal Service Co-operative Bank Ltd. case. The assessee's claim was allowed, deciding against revenue. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759701