https://www.taxtmi.com/caselaws?id=469155 A procedural delay in filing the return should not, by itself, defeat a substantive deduction otherwise available under the Income-tax Act, 1961, where the assessee is otherwise entitled to the relief. The Madras High Court's discussion concerned primary agricultural cooperative credit societies that were denied Section 80P benefit solely because their returns were filed beyond the Section 139(1) due date. The rejection of condonation was set aside, the impugned orders were quashed, and the matters were remitted for reconsideration of the statutory benefit, subject to compliance with the token payment condition. en-us Wed, 13 Aug 2025 00:00:00 +0530 Thu, 04 Jun 2026 15:25:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469155 A procedural delay in filing the return should not, by itself, defeat a substantive deduction otherwise available under the Income-tax Act, 1961, where the assessee is otherwise entitled to the relief. The Madras High Court's discussion concerned primary agricultural cooperative credit societies that were denied Section 80P benefit solely because their returns were filed beyond the Section 139(1) due date. The rejection of condonation was set aside, the impugned orders were quashed, and the matters were remitted for reconsideration of the statutory benefit, subject to compliance with the token payment condition. Case-Laws Income Tax Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469155