Assessee, a co-operative society, filed its return of income after a delay of 216 days due to which it could not claim deduction under section 80P. Application for condonation of delay was rejected on the ground that delay is not explained satisfactorily. (AY. 2019-20)
No.9074 Neermullikuttai Primary Agricultural Co-operative Credit Society Ltd. v. Chief CIT (2025) 302 Taxman 22 (Mad.)(HC)
S. 119 : Central Board of Direct Taxes-Circular-Return of income-Delay of 216 days-Delay is not explained satisfactorily-Rejection of application for condonation of delay in filing the return is affirmed.[S. 80P, 119(2)(b), 139, Art. 226]
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