Tax Deduction Claim Rejected: Failure to File Income Return Invalidates Section 80P(2)(a)(i) Benefits for Cooperative Society

ITAT order dismissing appeal based on non-compliance with procedural requirements. The assessee failed to file income tax return or revised return, rendering claims for deduction under Section 80P(2)(a)(i) invalid. Tribunal held that tax deductions are not operational without proper income notification to tax authorities. Mere possession of audited accounts does not qualify for deduction. The assessee did not seek exemption from advance tax payment through appropriate channels as mandated by Section 139. Consequently, the appeal was deemed infructuous, with the CIT(A)'s dismissal upheld. The decision emphasizes strict adherence to Income Tax Act provisions and procedural obligations for claiming tax benefits. .....

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