https://www.taxtmi.com/caselaws?id=772599 The SC analyzed the jurisdiction of the Central Processing Centre (CPC) to disallow deductions under section 80P for Assessment Year 2018-19. The Tribunal ruled that the CPC lacked authority to deny deductions for late return filing, as the relevant amendment in the Finance Act, 2021 was prospective and applied only from A.Y. 2021-22 onwards. Consequently, the Tribunal allowed the appeal, reversing the CPC's disallowance of the deduction. en-us Mon, 05 May 2025 00:00:00 +0530 Wed, 11 Jun 2025 08:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772599 The SC analyzed the jurisdiction of the Central Processing Centre (CPC) to disallow deductions under section 80P for Assessment Year 2018-19. The Tribunal ruled that the CPC lacked authority to deny deductions for late return filing, as the relevant amendment in the Finance Act, 2021 was prospective and applied only from A.Y. 2021-22 onwards. Consequently, the Tribunal allowed the appeal, reversing the CPC's disallowance of the deduction. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772599