https://www.taxtmi.com/caselaws?id=771499 ITAT Lucknow held that section 80AC does not bar deduction claims under section 80P even when returns are filed belatedly. The tribunal followed ITAT Delhi's precedent in Sahkari Ganna Vikas Samiti case, ruling that late filing of returns does not disqualify cooperative societies from claiming deductions under section 80P. The assessee's appeal was allowed, establishing that timing of return filing does not affect eligibility for cooperative society deductions under the Income Tax Act. en-us Fri, 30 Aug 2024 00:00:00 +0530 Tue, 27 May 2025 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771499 ITAT Lucknow held that section 80AC does not bar deduction claims under section 80P even when returns are filed belatedly. The tribunal followed ITAT Delhi's precedent in Sahkari Ganna Vikas Samiti case, ruling that late filing of returns does not disqualify cooperative societies from claiming deductions under section 80P. The assessee's appeal was allowed, establishing that timing of return filing does not affect eligibility for cooperative society deductions under the Income Tax Act. Case-Laws Income Tax Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771499