https://www.taxtmi.com/caselaws?id=471550 Deduction for a service co-operative bank is unavailable where the return claiming it was not filed within the due date prescribed for filing returns. Eligibility for the statutory deduction depends on timely compliance with the mandatory return-filing requirement. Applicable jurisdictional precedent requires a co-operative society to claim the deduction through a return filed by the prescribed due date, and a previously contrary precedent was distinguished. Consequently, the deduction remained unavailable for all relevant assessment years despite condonation of the delay in filing appeals. en-us Tue, 08 Apr 2025 00:00:00 +0530 Tue, 08 Sep 2026 19:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471550 Deduction for a service co-operative bank is unavailable where the return claiming it was not filed within the due date prescribed for filing returns. Eligibility for the statutory deduction depends on timely compliance with the mandatory return-filing requirement. Applicable jurisdictional precedent requires a co-operative society to claim the deduction through a return filed by the prescribed due date, and a previously contrary precedent was distinguished. Consequently, the deduction remained unavailable for all relevant assessment years despite condonation of the delay in filing appeals. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471550