PARISAR ABHIYANTRIKI NOKRANCHI SAHAKARI PATSANSTHA MARYADIT, NASHIK,NASHIK vs. DEPUTY COMMISSIONER OF INCOME TAX, CPC BANGALURU, BANGALURU

This is an appeal filed by the assessee directed against the order of the National Faceless Appeal Centre, Delhi [‘NFAC’] dated 09.02.2023 for the assessment year 2019-20.

Briefly, the facts of the case are that the appellant is a credit cooperative society duly incorporated under the Maharashtra Co- operative Societies Act, 1960. The Return of Income for the assessment year 2019-20 was filed on 30.11.2020 showing Rs.Nil income after claiming deduction u/s 80P(2)(a)(i) of the Income Tax Act, 1961 (‘the Act’). The said return of income was processed by the CPC, Bengaluru u/s 143(1) vide intimation dated 29.01.2021, wherein, the exemption u/s 80P was denied on the ground that the return of income was not filed within due date prescribed u/s 139(1) of the Act.

Being aggrieved by the above intimation, an appeal was filed before the NFAC, who vide impugned order confirmed the action of the CPC, Bengaluru. 4. Being aggrieved, the appellant is in appeal before this Tribunal in the present appeal. 5. I heard the rival submissions and perused the material on record. Admittedly, in the present appeal, the return of income was filed belatedly. The issue in the present appeal is no longer res integra as settled by the Co-ordinate Bench of this Tribunal in the