https://www.taxtmi.com/caselaws?id=800973 Section 80P deduction available to a primary co-operative society is not to be denied solely because its income-tax return was filed after the due date, including beyond the extended filing period. Section 80AC links deductions to timely return filing, but Section 119(2)(b) and the applicable CBDT circular permit Chief Commissioners to consider condonation of delay for delayed returns claiming this deduction. The delayed return may be accepted and the assessment revised to allow the deduction, subject to compliance with the stipulated deposit condition imposed for the delay. en-us Thu, 20 Aug 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800973 Section 80P deduction available to a primary co-operative society is not to be denied solely because its income-tax return was filed after the due date, including beyond the extended filing period. Section 80AC links deductions to timely return filing, but Section 119(2)(b) and the applicable CBDT circular permit Chief Commissioners to consider condonation of delay for delayed returns claiming this deduction. The delayed return may be accepted and the assessment revised to allow the deduction, subject to compliance with the stipulated deposit condition imposed for the delay. Case-Laws Income Tax Thu, 20 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800973