AA511 KANDAPPA GOUNDEN VALASU PRIMARY AGRICULTURAL CO-OPERATIVE CREDIT SOCIETY,ERODE vs ITO, WARD-2(1), ERODE, ERODE

Income Tax Appellate Tribunal, ‘C’ BENCH, CHENNAI

Before: HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM & HON’BLE SHRI MANOMOHAN DAS

आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member)

The sole grievance of the assessee, in the captioned appeal, is denial of deduction u/s 80P by learned Assessing Officer while framing an assessment u/s 143(3) on 05.01.2021. This was due to the fact that the return of income was filed belatedly with a delay of approx. 5 months.

The Ld. CIT(A), vide impugned order dated 21.08.2023, confirmed the assessment against which the assessee is in further appeal before us. 2. The Ld. AR placed on record order dated 19.12.2023, passed in assessee’s condonation petition filed u/s 119(2)(b). The petition of the assessee has been allowed by appropriate authority vide para-6 of the order. Considering the same, we direct Ld. CIT(A) to pass fresh order in the light of this order. 3. The appeal stand allowed for statistical purposes.

Order pronounced in open court on 20th December, 2023.

AA511 KANDAPPA GOUNDEN VALASU PRIMARY AGRICULTURAL CO-OPERATIVE CREDIT SOCIETY,ERODE vs. ITO, WARD-2(1), ERODE, ERODE