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2014 (12) TMI 1265 - AT - Income TaxDenial of deduction u/s. 80P by invoking the provisions of sec. 80A(5) - Assessee filed return of income beyond the time limit prescribed u/s. 139 and the time given in notice u/s. 142(1)- Held that:- After considering the provisions of section 80A(5) and the judgment of the Apex Court in Prakash Nath Khanna & Another vs CIT (2004 (2) TMI 3 - SUPREME Court ) found that the assessee is not eligible for exemption u/s 80P unless return is filed either u/s 139(1) or 139(4) or within the time provided by the assessee in the notice issued u/s 142(1) of the Act or u/s 148 of the Act and a claim was made for deduction u/s 80P of the Act. See case of Ramanthali Service Co-operative Bank Ltd. vs. ITO [2014 (11) TMI 1108 - ITAT COCHIN] - Decided against assessee
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