Kerala High Court Judgments — 2024

The High Court, following its earlier judgment, held that a claim for deduction under Section 80P is permissible only if the return of income is filed within the time prescribed under Sections 139(1), 139(4), 142(1), or 186 of the Act. Since the assessee had not filed a valid return within the statutory period, the deduction was disallowed, and the Tribunal's order was set aside.

The High Court held that the issue involved in these appeals was already covered in favor of the assessee and against the Revenue by its previous judgment in ITA Nos. 5 and 7 of 2018. Consequently, the appeals filed by the Revenue were dismissed.