https://www.taxtmi.com/caselaws?id=462073 The Tribunal addressed whether the Central Processing Centre (CPC) could disallow a deduction under section 80P for late return filing in AY 2018-19. Ruling in favor of the assessee, the Tribunal held that the 2021 amendment empowering CPC to deny deductions for late filing was prospective and not applicable retrospectively. The CPC's disallowance was deemed improper, and the deduction under section 80P was to be allowed for the assessment year in question. en-us Wed, 05 Feb 2025 00:00:00 +0530 Tue, 20 May 2025 18:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462073 The Tribunal addressed whether the Central Processing Centre (CPC) could disallow a deduction under section 80P for late return filing in AY 2018-19. Ruling in favor of the assessee, the Tribunal held that the 2021 amendment empowering CPC to deny deductions for late filing was prospective and not applicable retrospectively. The CPC's disallowance was deemed improper, and the deduction under section 80P was to be allowed for the assessment year in question. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462073