Wrong Section Selected in ITR Cannot Defeat Genuine Section 80P Claim – ITAT Directs CPC to Grant Full Deduction

Vishnuanna Patil Credit Co-operative Society Ltd. Vs ITO (ITAT Pune) Wrong Section Selected in ITR Cannot Defeat Genuine Section 80P Claim – ITAT Directs CPC to Grant Full Deduction The Pune ITAT held that a typographical error in selecting the wrong sub-clause of section 80P in the income-tax return cannot be a ground to deny an otherwise valid deduction. The Tribunal directed the Revenue to allow the full deduction claimed by the co-operative credit society. The assessee, a credit co-operative society, had claimed deduction under section 80P. However, while filing the return, it inadve...