ITAT Rules on 80P Deduction: Error No Bar for Legitimate Claim

Habrol Cooperative Agricultural Service Society Vs ITO (ITAT Chandigarh) Chandigarh, India – The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has set aside an order disallowing a deduction claimed by Habrol Cooperative Agricultural Service Society. The ruling, issued on September 26, 2024, emphasized that a legitimate deduction should not be denied solely due to a clerical error in the tax return, affirming the principle that an assessee should not be over-assessed for inadvertent mistakes. The case involved Habrol Cooperative Agricultural Service Society, a cooperative operating ...