2023 (6) TMI 438

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..... he 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 re .....

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..... ative banks. 3. Briefly stated, the facts of the case are that the assessee filed its return on 27-12-2020. The original due date for filing the return was 31-07-2020. Because of Covid-19 pandemic, the due dates were extended for filing the return. Insofar as the assessee is concerned, the due date was extended upto 10-11-2021. The CPC processed the return u/s. 143(1) and disallowed the amount .....

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..... sessee 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. I, therefore, overturn the impugned order and direct to grant the deduction u/s. 80P(2)(d) to the extent of Rs. 4,06,360/-. 5. In the result, the appeal is .....

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