https://www.taxtmi.com/caselaws?id=773946 ITAT Cochin dismissed the appeal of a primary agricultural credit society registered under Kerala Co-operative Societies Act. The tribunal denied deduction under section 80P for failure to file return of income within prescribed time under section 139(1). Following Kerala HC precedent in Nileshwar Range case, the tribunal held that post April 1, 2018, deduction under section 80P is only allowable if claimed in return filed within due date under section 139(1), not in belated returns filed under sections 139(4), 142(1) or 148. en-us Thu, 27 Mar 2025 00:00:00 +0530 Tue, 01 Jul 2025 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773946 ITAT Cochin dismissed the appeal of a primary agricultural credit society registered under Kerala Co-operative Societies Act. The tribunal denied deduction under section 80P for failure to file return of income within prescribed time under section 139(1). Following Kerala HC precedent in Nileshwar Range case, the tribunal held that post April 1, 2018, deduction under section 80P is only allowable if claimed in return filed within due date under section 139(1), not in belated returns filed under sections 139(4), 142(1) or 148. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773946