https://www.taxtmi.com/caselaws?id=781335 ITAT held that deduction under section 80P(2)(a)(i) for AY 2017-18 could not be denied solely because the co-operative credit society's return was not filed within the time prescribed by section 139(1). The requirement to file the return within the due date as a precondition for Chapter VIA deductions was introduced by the Finance Act, 2018 via amendment to section 80AC effective 01.04.2018 (applicable from AY 2018-19). Consequently the AO's disallowance was unwarranted and was deleted. en-us Tue, 16 Sep 2025 00:00:00 +0530 Fri, 14 Nov 2025 09:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781335 ITAT held that deduction under section 80P(2)(a)(i) for AY 2017-18 could not be denied solely because the co-operative credit society's return was not filed within the time prescribed by section 139(1). The requirement to file the return within the due date as a precondition for Chapter VIA deductions was introduced by the Finance Act, 2018 via amendment to section 80AC effective 01.04.2018 (applicable from AY 2018-19). Consequently the AO's disallowance was unwarranted and was deleted. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781335