despite contravention of the assessee to the provisions of section 80AC of the Act.
5. He observed that the provisions of section 80AC were first ... allowable as per
provisions of section 80AC of the Act. Since the Assessing Officer, without any
verification and without conducting any enquiry, accepted the assessee
Income Tax (Appeals), NFAC, Delhi is wrong
in invoking to section 80AC of the Income Tax Act, 1961 for confirming the
disallowance of claim ... deduction u/s 80P since section 80AC is applicable
only from the A.Y.2018-19 onwards and not applicable for the Assessment year
under
Assessee contended that though
amendment by the Finance Act 2018 in section 80AC , any society claiming
2
deduction under section 80P has to furnish ... dismissed the appeal. It was
observed that the provisions of section 80AC are applicable from assessment
year 2018-19 onwards; that as per these amended
relied
upon the decision solely on the issue of Section 80AC in respect of deduction need to
be allowed unless furnished belatedly ... dismissed the appeal of the appellant on the ground that
Section 80AC make is amply clear that any deduction that is claimed
under Part
Assessee contended that
though amendment by the Finance Act 2018 in section 80AC , any society
claiming deduction under section 80P has to furnish the return ... dismissed the appeal.
It was observed that the provisions of section 80AC are applicable from
assessment year 2018-19 onwards; that as per these amended
coordinate Bench of the Tribunal, after considering the provisions
of section 80AC of the Act and considering the judgements of the Hon'ble Supreme ... apply where no return is furnished and
rather it is section 80AC which would govern the case and because of omission of
section
taking cognizance
of the amendment carried out in Section 80AC by Finance
Act, 2018 . Referring to the provisions of the Act it was
submitted that ... pear ing on behalf
of the Revenue invited attention to Section 80AC of the Act
on the basis of which the disallowance was carrie
disregarding the fact that the
said disallowance u/s 80AC was applicable in AY 2017-18 as wrongly
held ... without
considering detailed facts submitted by the Appellant and also
misinterpreting section 80AC .
[B] Relief Prayed:
The appellant therefore prays as follows,
1. To quash
date was 31.10.2018. Accordingly, as per the
amended provision of section 80AC of the Act, the CPC did not allow the
deduction claimed under section ... provisions of section 80AC , (wef AY 2018-19) to avail the benefits of
deduction u/s 80P , ITR shall be filed on or before
disallowed in view
of the provisions of section 80AC of the Act for the reason that the
assessee had filed its return of income beyond ... allowable as
per provisions of section 80AC of the Act as the return of income for A.Y.
2012-13 was filed beyond
