https://www.taxtmi.com/caselaws?id=773895 The ITAT Pune allowed the assessee's appeal for deduction under section 80P despite cash deposits during demonetization. The AO had invoked section 80A(5) to deny the deduction on technical grounds, though accepting the source of deposits and cooperative society's activities without disputing the quantum. The tribunal held that where section 80A(5) conditions are fulfilled and a valid claim exists, the CIT(A) has co-terminus powers with the AO to allow deductions. Section 80A(5) has no pre-condition requiring return filing under section 139(1), making the assessee eligible for the deduction. en-us Fri, 27 Jun 2025 00:00:00 +0530 Mon, 30 Jun 2025 08:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773895 The ITAT Pune allowed the assessee's appeal for deduction under section 80P despite cash deposits during demonetization. The AO had invoked section 80A(5) to deny the deduction on technical grounds, though accepting the source of deposits and cooperative society's activities without disputing the quantum. The tribunal held that where section 80A(5) conditions are fulfilled and a valid claim exists, the CIT(A) has co-terminus powers with the AO to allow deductions. Section 80A(5) has no pre-condition requiring return filing under section 139(1), making the assessee eligible for the deduction. Case-Laws Income Tax Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773895