https://www.taxtmi.com/caselaws?id=769518 The Tribunal addressed the validity of a cooperative society's tax deduction claim under section 80P(2)(a)(i) when an updated return was filed under section 139(8A) but deemed invalid by CPC. The Tribunal ruled that since the return was invalid due to non-compliance with procedural requirements, the summary assessment under section 143(1) was without jurisdiction. The deduction disallowance was reversed, mandating regular assessment proceedings under section 144 when no valid return exists. en-us Mon, 21 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769518 The Tribunal addressed the validity of a cooperative society's tax deduction claim under section 80P(2)(a)(i) when an updated return was filed under section 139(8A) but deemed invalid by CPC. The Tribunal ruled that since the return was invalid due to non-compliance with procedural requirements, the summary assessment under section 143(1) was without jurisdiction. The deduction disallowance was reversed, mandating regular assessment proceedings under section 144 when no valid return exists. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769518