Benefits of 80P Deduction denied due to Non-filing of Income Tax Returns on Prescribed Time: Kerala HC directs to File ITR [Read Order]

The court disposed of the Writ Petition with direction to the petitioner to file the return of their income before 29.06.2024
By Yogitha S. Yogesh - On June 6, 2024 5:17 pm - 2 mins read
Income Tax Returns - Kerala High Court - Section 80 (P) - Benefits of 80P Deduction - 80P Deduction denied - taxscan

In a recent case, the Kerala High Court has held that benefits of Income Tax,1961 deduction under Section 80 (P) were denied due to non-filing of Income Tax Return ( ITR ) on prescribed time. The Muvattupuzha Agricultural Co-Operative Bank Ltd, the petitioner filed the writ petition challenging the assessment order under Section 148A(d) of…

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