Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]

Income Tax Deduction - Income Tax - Deduction - Delay - Govt Auditor - ITAT - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) he that CIT(A) was unjustified in denying right to claim deduction under Section 80P of the Income Tax Act on grounds of Government auditor failing to give audit report on time. The assessee is a Co-operative Society and filed its return of income on 31.03.2021…

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