04 January 2020
A credit cooperative society whose accounts for FY 17-18 were audited by Cooperative department in the month of March 19 filed its return of income in March 19 and the CPC processed the return denied deduction u/s 80P as the return was not filed within due date u/s 139(1). There was delay in audit by cooperative department which was beyond control of the assessee society. Please suggest remedy. Thanks
25 May 2020
If the ITR is not filled within due date deductions/rebate/losses can not be claimed. However you can approach your AO with an application seeking mercy on your issue.
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