https://www.taxtmi.com/caselaws?id=472456 Section 80P deduction cannot be denied merely because a return was filed after the original due date where it was filed within the extended due date. Return processing under section 143(1) is confined to prima facie adjustments; after the stated basis for an adjustment fails, the deduction's substantive merits cannot be examined through that process. Interest derived from members qualifies for deduction under section 80P(2)(a)(i). Income must therefore be recomputed after giving effect to the section 80P claim without the delayed-filing denial. en-us Tue, 22 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 13:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472456 Section 80P deduction cannot be denied merely because a return was filed after the original due date where it was filed within the extended due date. Return processing under section 143(1) is confined to prima facie adjustments; after the stated basis for an adjustment fails, the deduction's substantive merits cannot be examined through that process. Interest derived from members qualifies for deduction under section 80P(2)(a)(i). Income must therefore be recomputed after giving effect to the section 80P claim without the delayed-filing denial. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472456