2016 (6) TMI 1155 - HC - Income Tax

Denial of deduction under Section 80(P) - invoking the provisions of Section 80(A)(5) - belated filling return - Held that - The belated filing of return of income by the assessee does not disentitle it from the benefit of deduction u/s 80P(2).

Summary

The High Court of Kerala dismissed an appeal concerning the denial of deduction under Section 80(P) of the Income Tax Act for the assessment year 2010-2011. The appeal was dismissed by the Income Tax Appellate Tribunal, and the High Court upheld this decision based on a previous judgment.