https://www.taxtmi.com/caselaws?id=794682 A co-operative society's belated income-tax return was considered for condonation under Section 119(2)(b) so it could claim deduction under Section 80P and the benefit of Circular No. 13/2023. The return had been filed after a notice under Section 148 for AY 2019-20, but the analysis emphasised the amendment to Section 80AC, the society's bona fide belief, and the hardship that would arise if condonation were refused. Applying a liberal approach and the principle that substantial justice should prevail over technical objections, the delay application was said to merit allowance, and the return was to be treated as filed within time. en-us Thu, 02 Jul 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794682 A co-operative society's belated income-tax return was considered for condonation under Section 119(2)(b) so it could claim deduction under Section 80P and the benefit of Circular No. 13/2023. The return had been filed after a notice under Section 148 for AY 2019-20, but the analysis emphasised the amendment to Section 80AC, the society's bona fide belief, and the hardship that would arise if condonation were refused. Applying a liberal approach and the principle that substantial justice should prevail over technical objections, the delay application was said to merit allowance, and the return was to be treated as filed within time. Case-Laws Income Tax Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794682