https://www.taxtmi.com/caselaws?id=775591 The ITAT Chennai allowed the assessee's appeal, holding that deduction under section 80P(2)(a)(i) is admissible even if the return was filed belatedly under section 148, provided the deduction claim was made in that return. The tribunal rejected the CIT(A)'s view that timely filing under section 139(1) or 139(4) is mandatory for claiming the deduction. The decision aligned with precedent where the timing of the return filing was immaterial so long as the deduction was claimed in the return filed in response to the notice under section 148. The AO was directed to grant the deduction under section 80P. en-us Tue, 03 Jun 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775591 The ITAT Chennai allowed the assessee's appeal, holding that deduction under section 80P(2)(a)(i) is admissible even if the return was filed belatedly under section 148, provided the deduction claim was made in that return. The tribunal rejected the CIT(A)'s view that timely filing under section 139(1) or 139(4) is mandatory for claiming the deduction. The decision aligned with precedent where the timing of the return filing was immaterial so long as the deduction was claimed in the return filed in response to the notice under section 148. The AO was directed to grant the deduction under section 80P. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775591