https://www.taxtmi.com/caselaws?id=465645 Deduction under s.80P was denied on the ground that the assessee, a co-operative society, failed to file a valid return of income within the time prescribed under s.139(1) or s.139(4). Applying s.80A(5), the Tribunal held that a claim for deduction cannot be entertained unless made in a timely and valid return; a belated return filed only in response to notice under s.142(1) does not satisfy the statutory precondition. Relying on HC authority that an invalid/untimely return is non est for deduction claims, the Tribunal upheld the denial of s.80P deduction and dismissed the appeal. en-us Wed, 28 May 2025 00:00:00 +0530 Sat, 03 Jan 2026 15:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465645 Deduction under s.80P was denied on the ground that the assessee, a co-operative society, failed to file a valid return of income within the time prescribed under s.139(1) or s.139(4). Applying s.80A(5), the Tribunal held that a claim for deduction cannot be entertained unless made in a timely and valid return; a belated return filed only in response to notice under s.142(1) does not satisfy the statutory precondition. Relying on HC authority that an invalid/untimely return is non est for deduction claims, the Tribunal upheld the denial of s.80P deduction and dismissed the appeal. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465645