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Facts
The assessee, a cooperative society, filed its return of income for AY 2018-19 on 05.10.2018, declaring NIL income and claiming a deduction of Rs. 13,58,174/- under Section 80P. The return was processed under Section 143(1) without granting the deduction.
Held
The Tribunal held that the assessee filed its return of income within the extended due date as per the CBDT circular. Therefore, the assessee is entitled to claim the deduction under Section 80P of the Act.
Key Issues
Whether the assessee cooperative society is entitled to deduction under Section 80P when the return of income was filed within the extended due date prescribed by the CBDT.
Sections Cited
80P, 143(1), 119, 139(1), 234A
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, “D” BENCH, KOLKATA
Before: SHRI DUVVURU RL REDDY & SHRI RAJESH KUMAR
आदेशानुसार/ BY ORDER,
(Assistant Registrar) Income Tax Appellate Tribunal, Kolkata 4 ITANo.753/KOL/2025
Date Initial 1. Draft dictated on 20.11.25 Sr.PS 2. Draft placed before author 21.11.25 Sr.PS 3. Draft proposed & placed before the second JM/AM member 4. Draft discussed/approved by Second Member. JM/AM 5. Approved Draft comes to the Sr.PS/PS Sr.PS/PS 6. Kept for pronouncement on Sr.PS 7. File sent to the Bench Clerk Sr.PS 8. Date on which file goes to the OS 9. Date on which file goes to the AR 10. Date of dispatch of Order.