ORDER

PER WASEEM AHMED, ACCOUNTANT MEMBER:

This is an appeal filed by the assessee against the order passed by the Addl/JCIT(A)-1, Ludhiana dated 27/03/2024 vide DIN No. ITBA/APL/S/250/2023-24/1063489234(1) for the assessment year 2022-23.

2. The only issue raised by the assessee is that the learned CIT(A) erred in confirming the disallowance of deduction under section 80P of the Act made by the CPC in the intimation issue under section 143(1) of the Act.

3. The necessary facts are that the assessee, a cooperative society, is engaged in the activity of providing credit facilities to its members. The assessee, in the return filed for the year consideration, declared business income of Rs. 17,58,050/- which was claimed as deduction under section 80P(2)(a)(i) of the Act.

4. The CPC while processing the return under section 143(1) of the Act disallowed the claim of the assessee under section 80P of the Act for the reason that the return of income was filed after the expiry of time specified for filling of the return under section 139(1) of the Act.

5. Being aggrieved the assessee preferred an appeal before the learned CIT(A).

6. The assessee before the learned CIT(A) submitted that the extend