AdvertisementPrimary Agricultural Credit Co-Operative Society Ltd. Vs ITO (ITAT Bangalore) Bangalore ITAT: Section 80P Deduction Not Available on Return Filed in Response to Section 148 if Original Return Was Not Filed in Time The Bangalore ITAT held that a Primary Agricultural Credit Co-operative Society was not entitled to deduction u/s 80P(2)(a)(i) where it had failed to file its original return u/s 139(1) and claimed the deduction only in the return filed pursuant to a notice u/s 148. The Tribunal upheld the action of the Assessing Officer in invoking section 80AC, observing that the assessee had also...