KOODARANHI REGIONAL AGRICULTURAL WELFARE CO-OP SOCIETY LTD,KOZHIKKODE vs. THE ITO, KOZHIKKODE

In the result, the appeal by the assessee is allowed for statistical purposes and the stay petition is dismissed

Bench: Shri George George K. & Ms. Padmavathy S.

68,076. The return was processed u/s. 143(1) denying the benefit of section 80P to the assessee. Aggrieved, the assessee preferred appeal before the CIT(A). 4. The CIT(A) confirmed the disallowance by stating that the assessee has filed the return belatedly and therefore in accordance with section 80AC of the Act, deduction u/s. 80P cannot