Section 80P – smeaccountant

ITAT Limits Rectification Powers: Section 154 Cannot Overturn Debatable Section 80P Deductions

ITAT rules Section 154 cannot overturn debatable Section 80P deductions, safeguarding taxpayers from rectification of opinion changes.

Prasenjit Bhowmik May 30, 2026

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ITAT Rules Technical Errors in ITR Filing Do Not Void Section 80P Deductions

Discover how a new ITAT ruling protects Section 80P deductions for cooperative societies despite minor technical ITR filing errors.

Prasenjit Bhowmik May 30, 2026

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ITAT Rules Against Unilateral Disallowance of Section 80P Deductions by CPC

The Income Tax Appellate Tribunal (ITAT) has issued a significant ruling prohibiting the Central Processing Centre (CPC) from unilaterally disallowing tax deductions claimed under Section 80P of the Income Tax…

Prasenjit Bhowmik May 30, 2026

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ITAT Dismisses Appeal as Infructuous Following Successful Section 80P Rectification

The Income Tax Appellate Tribunal (ITAT) officially dismissed an outstanding appeal this week, declaring the matter infructuous after a successful rectification order under Section 154 of the Income Tax Act…

Prasenjit Bhowmik May 30, 2026