Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (7) TMI 747 - AT - Income TaxDeduction u/s 80P(2) - belated return filled - return filed beyond the period stipulated u/s 148 - Held that:- 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. In view of the above conclusions of the Hon’ble High Court in Chirakkal Service Coop Bank Ltd vs CIT [2016 (4) TMI 826 - KERALA HIGH COURT] we direct the Assessing Officer to consider the claim of deduction u/s 80P of the I.T.Act as expeditiously as possible. Therefore, the appeals filed by the assessee are allowed for statistical purposes.
|