https://www.taxtmi.com/caselaws?id=766277 Deduction under Section 80P had been denied because the return was treated as belated, and the accompanying rectification request under Section 154 was rejected. The tribunal noted a CBDT instruction for Kerala flood-affected taxpayers treating returns and audit reports filed up to the stipulated date as timely under Section 119(2)(b). In view of that instruction, and as the Revenue did not oppose reconsideration on that basis, the rectification issue required fresh examination by the assessing authority. The matter was remitted for reconsideration in light of the CBDT instruction, with partial relief to the assessee. en-us Wed, 19 Feb 2025 00:00:00 +0530 Fri, 21 Feb 2025 08:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766277 Deduction under Section 80P had been denied because the return was treated as belated, and the accompanying rectification request under Section 154 was rejected. The tribunal noted a CBDT instruction for Kerala flood-affected taxpayers treating returns and audit reports filed up to the stipulated date as timely under Section 119(2)(b). In view of that instruction, and as the Revenue did not oppose reconsideration on that basis, the rectification issue required fresh examination by the assessing authority. The matter was remitted for reconsideration in light of the CBDT instruction, with partial relief to the assessee. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766277