https://www.taxtmi.com/caselaws?id=775221 ITAT PUNE allowed the assessee's appeal against disallowance of deduction under section 80P for delayed return filing. The tribunal held that prior to 01.04.2021, CPC lacked specific provisions under section 143(1)(a) to make prima facie adjustments disallowing section 80P deductions. The legislature introduced such disallowance provisions in section 143(1)(a)(v) through Finance Act 2021 with prospective effect from 01.04.2021. Following precedents in NRB Bearings Sevakachi Patsanstha and Finolex Industries cases, ITAT ruled that CPC cannot disallow section 80P deductions in returns processed under section 143(1)(a) before the amendment. The CIT(A)'s order affirming CPC's action was set aside and the disallowance was deleted. en-us Wed, 16 Jul 2025 00:00:00 +0530 Tue, 22 Jul 2025 08:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775221 ITAT PUNE allowed the assessee's appeal against disallowance of deduction under section 80P for delayed return filing. The tribunal held that prior to 01.04.2021, CPC lacked specific provisions under section 143(1)(a) to make prima facie adjustments disallowing section 80P deductions. The legislature introduced such disallowance provisions in section 143(1)(a)(v) through Finance Act 2021 with prospective effect from 01.04.2021. Following precedents in NRB Bearings Sevakachi Patsanstha and Finolex Industries cases, ITAT ruled that CPC cannot disallow section 80P deductions in returns processed under section 143(1)(a) before the amendment. The CIT(A)'s order affirming CPC's action was set aside and the disallowance was deleted. Case-Laws Income Tax Wed, 16 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775221