https://www.taxtmi.com/caselaws?id=770232 ITAT Panaji allowed the assessee society's appeal regarding disallowance of section 80P deduction. The society filed a belated return claiming 80P(2) deduction, which was disallowed by CPC under section 143(1)(a)(v). The tribunal held that CPC lacked jurisdiction to disallow the deduction during return processing, despite the claim being subject to disallowance under section 80AC for late filing. The tribunal found CPC's action exceeded its authority and was unlawful, reversing the disallowance based on coordinate bench precedents and Kerala HC decision in Travancore Titanium Products Ltd. en-us Wed, 30 Apr 2025 00:00:00 +0530 Thu, 08 May 2025 09:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770232 ITAT Panaji allowed the assessee society's appeal regarding disallowance of section 80P deduction. The society filed a belated return claiming 80P(2) deduction, which was disallowed by CPC under section 143(1)(a)(v). The tribunal held that CPC lacked jurisdiction to disallow the deduction during return processing, despite the claim being subject to disallowance under section 80AC for late filing. The tribunal found CPC's action exceeded its authority and was unlawful, reversing the disallowance based on coordinate bench precedents and Kerala HC decision in Travancore Titanium Products Ltd. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770232