https://www.taxtmi.com/caselaws?id=472436 For AY 2020-21, section 143(1)(a) did not permit a processing adjustment to disallow a Chapter VI-A deduction; authority for such an adjustment applied only from AY 2021-22. Interest or dividend earned from a co-operative bank may qualify for deduction under section 80P(2)(d), because a co-operative bank is primarily a co-operative society, subject to verification of the interest particulars and eligible amount. Delay caused by bona fide pursuit of rectification may be condoned where it was unintentional and substantial justice outweighs technical considerations. en-us Mon, 21 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 04:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472436 For AY 2020-21, section 143(1)(a) did not permit a processing adjustment to disallow a Chapter VI-A deduction; authority for such an adjustment applied only from AY 2021-22. Interest or dividend earned from a co-operative bank may qualify for deduction under section 80P(2)(d), because a co-operative bank is primarily a co-operative society, subject to verification of the interest particulars and eligible amount. Delay caused by bona fide pursuit of rectification may be condoned where it was unintentional and substantial justice outweighs technical considerations. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472436