Income Tax Deduction cannot be denied due to wrong classification in ITR: ITAT [Read Order]

The ITAT set aside the finding of the CIT (A) and directed the AO to delete the addition made by him.

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that deduction under the Income Tax Act cannot be denied due to wrong classification in Income Tax return ( ITR ). National Contracting Company, the appellant/assessee the assessee filed its return of income on 18.12.2020 declaring a total income of Rs.38,10,910/-. The…

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