Summary
- The ITAT Rajkot has ruled that the Central Processing Centre cannot deny a co-operative society's deduction under Section 80P of the Income-tax Act, 1961, based on belated filing of an income tax return.
- Medi Seva Sahakari Mandali Ltd. claimed a deduction of ā¹5,52,154 for the assessment year 2019-20 but faced disallowance due to late submission of its return.
- The Tribunal clarified that amendments allowing such disallowance only took effect from April 1, 2021, and thus did not apply to this case.
- The matter has been sent back to the Commissioner of Income Tax (Appeals) for fresh adjudication on merits, leaving
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