2013 (4) TMI 1002 - AT - Income Tax

Summary

Issues involved: Deduction u/s 80P(2)(a)(i) of the Act for an assessee co-operative society which did not file the return of income within the specified time.

The Appellate Tribunal ITAT COCHIN, in the case of a co-operative society, considered the appeal against the order of CIT(A) for the assessment year 2009-10. The Tribunal noted that the issue for consideration was the deduction u/s 80P(2)(a)(i) of the Act. It was observed that since the assessee had not filed the return of income within the specified time as per the relevant sections of the Act, the Tribunal concluded that the assessee was not eligible for the deduction u/s 80P(2)(a)(i). The Tribunal referred to a previous case involving a similar issue and held that the assessee's failure to comply with the filing requirements rendered them ineligible for the deduction. Therefore, the appeal of the assessee was dismissed based on this finding. The order was pronounced on April 22, 2013.