80P Deduction for co operative society

To claim the Section 80P deduction despite a late filing caused by a delayed statutory audit, you must file an application for condonation of delay to the relevant income tax authority (CCIT/DGIT) under Section 119(2)(b). They will assess whether the delay was due to genuine, unavoidable circumstances like the late completion of a mandatory audit. It is highly recommended to consult with a Chartered Accountant to prepare and submit this application formally.