Browsing Tag

Section 80AC

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The ITAT ruled that the CPC applied the wrong deadline to deny Duru Mahal CHS its Rs 8.23 lakh Section 80P deduction — the society had filed its return a day before the correct due date.

Mumbai Co-op Housing Society Wins Rs 8.23 Lakh Tax Battle After Filing Return a Day Early

The ITAT ruled that the CPC applied the wrong deadline to deny Duru Mahal CHS its Rs 8.23 lakh Section 80P deduction — the society had filed its return a day before the correct due date.
ITAT Mumbai dismisses Dadar housing society’s appeals for 2011–16 after 7-year delay, despite society being legally correct on ₹4–5 lakh 80P deduction claim.

Income Tax Tribunal slams door on Dadar housing society: 7-year delay costs ₹4–5 lakh tax relief despite being legally correct

A 15-member Dadar senior-citizens housing society lost its fully valid ₹4–5 lakh tax exemption claim only because it filed appeals 7–8 years late. ITAT Mumbai refused to condone the “gross negligence”, slamming the door despite the department being clearly wrong on law. A harsh reminder: even if you’re 100% right, miss the limitation period by years and you lose everything.