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2018 (7) TMI 369 - AT - Income TaxDenying the exemption u/s 80P - belated filing of return by the assessee - Held that:- Hon’ble High Court in the case of Chirakkal Service Co-op Bank Ltd vs CIT (2016 (4) TMI 826 - KERALA HIGH COURT) had held at para 21 that appeals are continuation of assessment proceedings and even if the return of income was filed before the appellate authority claiming deduction u/s 80P(2), the same has to be acted upon Return filed beyond the period stipulated u/s 148 can also be accepted and acted upon provided further proceedings in relation to such assessments are pending in the statutory hierarchy of adjudication in terms of the provisions of the I. T. Act. We direct the Assessing Officer to consider the claim of deduction u/s 80P of the I. T. Act as expeditiously as possible. - Appeals filed by the assessee are allowed for statistical purposes.
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