The assessee, a co-operative society, filed its return belatedly claiming deduction under section 80P, which was denied by the Centralised Processing Centre and confirmed by the Commissioner (Appeals) by invoking section 80AC(ii). The Tribunal held that section 80AC(ii) does not bar the grant of deduction under section 80P merely because the return was filed beyond the due date prescribed under section 139(1). Accordingly, the Assessing Officer was directed to allow the deduction under section 80P. (AY. 2019-20).