Tax credit cannot be denied for deposit under wrong head

Celerity Infrastructure Pvt. Ltd Vs DCIT (Delhi High Court) A perusal of the paper books reveals that there is no dispute that the petitioners deposited the taxes, however, the mistake which the petitioners have committed is that they had deposited the taxes under the minor head ‘200’ instead of ‘400’. In the opinion of this Court, as the petitioners have paid the taxes, they should be given the credit for the challans paid in Form 3 under the said Act. The order/communication dated 7th April, 2022 rejecting credit of taxes deposited under the DTVSV Act on the hyper-technical ground th...