80P Deduction cannot be claimed beyond due date of ITR Filing u/s 139(1): ITAT [Read Order]

ITAT Disallows Section 80P Deduction for Late Filing of Income Tax Return, Citing S.139(1) Deadline Compliance
By Kavi Priya - On September 9, 2024 11:14 am - 2 mins read
80P Deduction - claimed - ITR Filing us 139(1) - ITAT - TAXSCAN

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the deduction under section 80P cannot be claimed in Income Tax Return (ITR) filing beyond the due date specified under section 139(1) of the Income Tax Act. Dared Seva Sahkari Mandali Ltd. (Assessee) deposited cash of Rs. 5,31,61,730 and a time deposit of…

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