https://www.taxtmi.com/caselaws?id=802476 For assessment year 2019-20, a section 80P deduction could not be disallowed for late filing through a return-processing adjustment under section 143(1)(a)(v), although section 80AC imposed a due-date condition. The Finance Act, 2021 later expanded the adjustment provision to cover deductions under the relevant heading of Chapter VI-A. Eligible interest from investments or deposits with co-operative banks qualifies for deduction under section 80P(2)(d), subject to verification: the exclusion of co-operative banks from claiming the deduction does not prevent their treatment as co-operative societies. An otherwise admissible deduction cannot be denied solely because disclosed income was entered in the wrong return column, subject to verification of its source. en-us Thu, 08 Oct 2026 00:00:00 +0530 Fri, 06 Nov 2026 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802476 For assessment year 2019-20, a section 80P deduction could not be disallowed for late filing through a return-processing adjustment under section 143(1)(a)(v), although section 80AC imposed a due-date condition. The Finance Act, 2021 later expanded the adjustment provision to cover deductions under the relevant heading of Chapter VI-A. Eligible interest from investments or deposits with co-operative banks qualifies for deduction under section 80P(2)(d), subject to verification: the exclusion of co-operative banks from claiming the deduction does not prevent their treatment as co-operative societies. An otherwise admissible deduction cannot be denied solely because disclosed income was entered in the wrong return column, subject to verification of its source. Case-Laws Income Tax Thu, 08 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802476