https://www.taxtmi.com/caselaws?id=461407 The ITAT Mumbai held that a co-operative society was entitled to deduction under Section 80P(2)(d) despite revenue's contention that the return was filed late. The tribunal found that the return was actually filed on 26/09/2018, before the due date of 30/09/2018 applicable to audited entities under Section 139(1). Following precedent in Vishva Villa Co-op Housing Society case, the tribunal ruled that late filing alone cannot disallow Section 80P(2)(d) deduction. The CIT(A)'s order was set aside and the AO was directed to allow the claimed deduction. en-us Tue, 16 Jul 2024 00:00:00 +0530 Fri, 04 Apr 2025 19:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461407 The ITAT Mumbai held that a co-operative society was entitled to deduction under Section 80P(2)(d) despite revenue's contention that the return was filed late. The tribunal found that the return was actually filed on 26/09/2018, before the due date of 30/09/2018 applicable to audited entities under Section 139(1). Following precedent in Vishva Villa Co-op Housing Society case, the tribunal ruled that late filing alone cannot disallow Section 80P(2)(d) deduction. The CIT(A)'s order was set aside and the AO was directed to allow the claimed deduction. Case-Laws Income Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461407