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2023 (6) TMI 438 - ITAT PUNEDenial of deduction u/s 80P - interest from cooperative banks - denial of deduction on late filing of the return by the assessee - Because of Covid-19 pandemic, the due dates were extended for filing the return - HELD THAT:- As noted extended due date for filing the return in the case of the assessee was 10-11-2021. As against that, the assessee filed the return on 27-12-2020. In that view of the matter, it becomes clear that the return filed by the assessee was within the time allowed u/s. 139(1) of the Act as extended by the circular. The view point of the authorities that section 80AC prohibited granting of deduction u/s. 80P(2)(d) on account of late filing of the return is untenable .Therefore, overturn the impugned order and direct to grant the deduction u/s. 80P(2)(d) - Decided in favour of assessee.
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