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14 Food Corporation of India Employees Co-operative Credit Society Ltd. vs. ADIT, CPC
TS-193-ITAT-2024(Mum)
A.Y.: 2019–20
Date of Order: 22nd March, 2024
Sections 80P, 143(1)(a)(v)
Disallowance provision in section 143(1)(a)(v), introduced by the Finance Act, 2021, w.e.f. 1st April, 2021, dealing with deductions claimed under Chapter VI-A applies with prospective effect.
FACTS
The CPC while processing the return of income filed by the assessee for assessment year 2019–20 disallowed the claim of deduction made under section 80P for want of filing the return of income by due date.
Aggrieved, the assessee preferred an appeal to the CIT(A) who dismissed the appeal.
Aggrieved, the assessee filed an appeal to the Tribunal where
